Tag Archives: unit trust fund

Welcome Aboard RioCan Real Estate Investment Trust

26 Sep

RioCan Real Estate Investment Trust owns and manages numerous shopping retail properties across Canada and Unite States.  Here is a list of their top twenty-five rental retailers:  http://www.riocan.com/Document/Details/15

I wanted in on the juicy distributions before end of this month, so I hastily bought into REI.UN in the morning of yesterday.  If I had been more patient, I would have save myself a quarter of a point.  However, I’m not too worried about penny here and there.  This will be a longer term hold as I see potential for this unit trust fund to grow in the next few years.

Paying out 11.5 cents per unit with a yield of 4.99% as of today’s closing price, they are not over extending themselves and able to maintain a steady track record of paying out their distributions.

Their chart looks strong, I’m a little worried that I might be buying at all time highs.  The indication is heading upwards for the time being.

I bought 400 shares @ $27.81.  This one I’ll just sleep on it and collect my monthly distributions of $46.00.

I’m back into the game… still I think something missing!