Hey Watford,
These have been on my radar for a while for all the same reasons you are detailing here - nice to see someone else looking at it and you have done more proactive research into it than I have which is great.
My main concern, which is why I have not bought in to date, was the clause that stipulates that the distribution payment is not guaranteed which is the one spooking most people. It has been a while since I looked into it, but the distributions are paid out of the profits form the trust if I recall correctly, therefore if the trust loses money, no payment?
If there is no payment for a reasonable amount of time due to massive falls in the property and construction markets, and brookfield decide not to pay out the units, then it is not a great investment. I do see the points you are making with regard to reputational damage, but if you are making losses in your business already, you'll hardly have a great reputation to lose.
I think I have steered clear to date as I don't totally understand these and the addage "too good to be true" is ringing in my ears.
Still I am open to conversion...
MXG
multiplex group
