amazing, page-19

I agree with you there Rewind re the distributions. A lot of people like these, and in reality I purchased REU in light of (1) NTA being high - and still is, and (2) the likelihood of a good yield even if reduced (over 20% at my PP even if halved).

Having said that, if they DO raise the cash as they expect from selling a couple of properties they would certainly have the resources to pay a distribution (even if not right now) although it is definitely a better investment to buy back shares at a fraction of NTA with the bonus of supporting the SP.

If REU sells assets within 7% of book value this would be a great result, and from here I can still readily see REU at 50 cents in 12 months. A 15% discount, however would be a different kettle of fish. Wait and see I guess.

MJS