News

Dorchester Property Trust trading above budget

Friday 1st of April 2011

Dorchester says it now expects the trust will report about a $450,000 profit before depreciation and tax through to March 31, up from the $385,000 forecast in last June's prospectus.

Units in the trust were one of four securities issued to Dorchester Pacific's debenture holders in exchange for the 50 cents in the dollar they were still owed as part of a rescue deal , the alternative to w...

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