tag:blogger.com,1999:blog-21846828.post4419795065295882596..comments2024-01-14T16:01:08.962-08:00Comments on The Rational Realist: Fees MatterRational Realisthttp://www.blogger.com/profile/08886526093283532105noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-21846828.post-92674229824270562012-07-23T22:22:39.936-07:002012-07-23T22:22:39.936-07:00Anonymous, thanks for the comment. Yes, Industria...Anonymous, thanks for the comment. Yes, Industrial Income Trust is another example from earlier this year. I believe the strategy of not adding fees is dilutive to current shareholders.Rational Realisthttps://www.blogger.com/profile/08886526093283532105noreply@blogger.comtag:blogger.com,1999:blog-21846828.post-84851736690591652752012-07-23T09:23:08.112-07:002012-07-23T09:23:08.112-07:00Rational - I agree and have seen another example w...Rational - I agree and have seen another example with the valuation of Industrial Income Trust. Wouldn't this simply be dilutive to existing investors?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-21846828.post-44335544656470300092012-07-19T10:40:31.409-07:002012-07-19T10:40:31.409-07:00I thought so too, but reading the valuation disclo...I thought so too, but reading the valuation disclosure, the REITs' asset value is their offer price. I have not checked the risk disclosure.Rational Realisthttps://www.blogger.com/profile/08886526093283532105noreply@blogger.comtag:blogger.com,1999:blog-21846828.post-90398584856281299282012-07-19T10:31:23.749-07:002012-07-19T10:31:23.749-07:00Of course, the "true" NAVs could be $9.5...Of course, the "true" NAVs could be $9.52 for Strategic Storage and $9.09 for Steadfast. These are the NAVs that would allow shares to be sold at the new offering prices without diluting current shareholders. Is there a disclosure about that risk in the offering documents?Clarity Financehttps://www.blogger.com/profile/07119073030370244568noreply@blogger.com