Examples of THP3 Canada in a sentence
General Partner Distributions are earned exclusively in respect of THP3 Canada and are based on prescribed formulas within that fund’s limited partnership agreement.
The reduction to LTIP liability was a result of the decreased fair value of THP1 US, THP2 Canada and THP3 Canada.
The decrease was largely driven by lower fair value gains and the lower investment balance of THP1 US and THP3 Canada as distributions were received and investments were realized, and a change in cash flow expectations due to downward business plan revisions in THP3 Canada during 2015.
The reduction in LTIP liability was a result of the decreased fair value of THP2 Canada and THP3 Canada due to depreciation of the Canadian dollar, offset by the fair value increase in THP1 US, THP2 US and separate accounts.• Deferred Income Tax Asset/Liabilities – As of December 31, 2015, Tricon had a net deferred tax liability of $9.3 million (December 31, 2014 – $7.6 million).
Despite the unfavourable market conditions, Mahog- any, a THP3 Canada investment located in Calgary, achieved 333 home sales in 2015, making the project the best-selling community in the Calgary South sector (supported by single-family permit activity in 2015; research results provided by Urban Development Institute – Calgary).
THP3 Canada Co-Investment distributed $1.9 million (C$2.4 million) during the first nine months of 2015.
The decrease was largely driven by a lower investment balance of THP1 US as distributions were received and investments were realized; a fair value loss recognized in the investment in The New Home Company (a THP2 US investment) due to a lower market price; and a change in cash flow expectations due to a revised business plan for one project in THP3 Canada.
This project will be co-developed by TDG and MOD Developments, a local third-party developer that has previously developed projects in which THP2 Canada and THP3 Canada have invested.
Units sold and remaining shown above include actively managed funds/investments only (THP1 US, THP2 US, THP1 Canada, THP2 Canada, THP3 Canada, Separate Accounts and Side-cars).
The decrease was a result of decreased invested capital of THP3 Canada, as well as a foreign exchange loss.