CNSREIT-AR-2024 Final - Flipbook - Page 64
We invest in real estate corporate debt, which consists of secured and unsecured obligations issued by companies in the
business of owning or operating real estate-related businesses.
We invest in corporate debt obligations of varying maturities issued by U.S. and foreign corporations and other
business entities, which may include loans, corporate bonds, debentures, notes and other similar corporate debt
instruments, including convertible securities. Bonds are fixed or variable rate debt obligations, including bills, notes,
debentures, money market instruments and similar instruments and securities. Corporate debt is generally used by
corporations and other issuers to borrow money from investors. The issuer pays the investor a rate of interest and normally
must repay the amount borrowed on or before maturity. The rate of interest on corporate debt may be fixed, floating or
variable, and may vary inversely with respect to a reference rate. The rate of return or return of principal on some debt
obligations may be linked or indexed to the level of exchange rates between the U.S. dollar and a foreign currency or
currencies. Debt instruments may be acquired with warrants attached. Certain bonds are
