Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Canadian REITS, Trusts & Dividend Stocks -- Ignore unavailable to you. Want to Upgrade?

To: Peter W. Panchyshyn who wrote (1917)	11/13/2001 8:16:13 PM
From: David Alon	Respond to of 11633

Good question. Usually, they stagger their mtgs so they never mature on the same time. One can only assume, that this mtg was taking out about 10 years ago when rates were so high , and it will be due soon. Also, It probably wasn't for so much money as theit average yeild is still 7.55%. Also, they are getting paid for money they lent at such a high rate, so I do not believe they will break any mtg. Mortgages and loans receivable from co-owners bear interest at rates varying from 10% to 12% per annum with a weighted average quarter-end rate of 10.49% (December 2000 - 10.49%). "Of these mortgages and loans receivable from co-owners $15,639,000 will be repaid from the cash flows generated from capital transactions related to the underlying properties. With respect to $9,000,000 of these mortgages and loans receivable from co-owners, future repayments are due between 2007 and 2008. Participating mortgages and loans receivable bear interest at rates ranging from 10% to 12% per annum and entitle the Trust to a share of the income generated by the properties securing those mortgages ("the properties"). "