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To: FL_Guy who wrote (54460)12/1/2021 9:49:15 AM
From: E_K_S1 Recommendation

Recommended By
FL_Guy

  Read Replies (1) | Respond to of 69878
 
RE: SOHO & REIT status

I suppose we will know more into the new year if the 'test' is the 100 shareholder test and they have 1 year to 'cure'.

Still not seeing unusual activity/trading in these preferreds. Both +3% but on little vol. There are over $2/share in owed dividends and preferred +$0.50.

My last Buys were in the $14.50/share area.

No problem just holding and waiting. Low Risk and High Reward



To: FL_Guy who wrote (54460)12/1/2021 3:44:07 PM
From: Madharry1 Recommendation

Recommended By
E_K_S

  Read Replies (1) | Respond to of 69878
 
it would seem to me that in order to maintain their reit status they have to pay 90% of their profits for the year to reit shareholders. if they are making $21 Million on the sale and otherwise they are breakeven it sound like they will have to distribute $18 million. but i have no expertise in this and Macerich seem to think they can earn $2 and only distribute $.60