Hmmm, curious investment criterion. I agree that we should be...

Hmmm, curious investment criterion. I agree that we should be wary of dividend (distribution) traps. But otherwise to prefer a low distribution Areit places one in two more dangerous types of investments:
1. Low distribution % occurs because the Areit it is overpriced.
2. The Areit has poor investments and\or mgt of those investments.

Plenty of Areits in #1 to choose from if you prefer. CHC for example has distribution below 5%, because it has been run up to a P/E of 18. Goodman is another example. They are large stocks in broker sights so get a premium price -- gee, isn't that what TIX is hoping through the combined i industrial Reits?

As for #2, clearly not TIX.

As I've said in past posts on this deal as a TIX holder I have no vested interest in this matter in the short run (might even be slightly worse off through preferential dilution). Only the longer term benefits of a larger Areit may bring some rerating advantages.