Manulife US REIT ("MUST") is currently facing an existential crisis and precariously close to breaching its statutory debt ceiling. For those retail investors who thought that they have got a good bargain by entering at US$0.285 per unit at the beginning of the year, they would have found themselves catching a falling knife. MUST just kept plummeting non-stop to hit US$0.141 per unit as at 22 May 2023 which is a whopping -50% loss in valuation. Worst hit are those who have held MUST for a longer period. I have no doubt that the "Mirae Deal" to recapitalize MUST will be presented soon in June'23 as I have seen the public relations team of MUST contacting "rogue" blogger like myself to be kept in their mailing list in order to indirectly influence any overly-negative postings (which is part of their PR job I suppose).