WINNIPEG, MB, April 12,
2024 /CNW/ - Artis Real Estate Investment Trust
("Artis"), together with its joint actors, has increased its
position in Dream Office Real Estate Investment Trust ("Dream
Office REIT") (TSX: D.UN) to 18.77%.
As a result of purchases of REIT Units, Series A ("Units") of
Dream Office REIT, Artis, together with its joint actors, owns and
exercises control and direction over an aggregate of 3,553,206
Units, representing approximately 18.77% of the 18,929,933 issued
and outstanding voting units, as reported in Dream Office REIT's
material change report dated February 22,
2024 (the "MCR"). Since March 4,
2024, the date on which Artis's previous early warning
report in respect of Dream Office REIT was filed, and specifically
between March 6, 2024, and
April 12, 2024, Artis, together with
its joint actors, acquired an aggregate of 379,900 Units in the
open market under the facilities of the Toronto Stock Exchange,
representing approximately 2% of the current issued and outstanding
voting units of Dream Office REIT (collectively, the
"Acquisitions"). The aggregate consideration paid to acquire the
Units that are the subject of the accompanying early warning report
filed by Artis is $6.8 million, being
379,900 Units at an average price of $17.92 per Unit. Prior to the Acquisitions,
Artis, together with its joint actors, owned and exercised control
and direction over 3,173,306 Units, representing approximately
16.76% of Dream Office REIT's issued and outstanding voting units
(as reported in the MCR).
The Units were acquired for investment purposes.
Artis and its joint actors may, from time to time, depending on
market and other conditions, increase or decrease their respective
beneficial ownership, control or direction over the securities of
Dream Office REIT through market transactions, private agreements,
or otherwise.
Dream Office REIT's head office is located at 30 Adelaide Street
East, Suite 301, Toronto, Ontario,
M5C 3H1.
Artis's head office is located at Suite 600, 220 Portage Avenue,
Winnipeg, Manitoba, R3C 0A5.
An early warning report will be filed by Artis in accordance
with applicable securities laws. For further information and to
obtain a copy of the early warning report filed by Artis, please
contact Heather Nikkel, Senior
Vice-President – Investor Relations and Sustainability of Artis at
(204) 947-1250.
Artis is a diversified Canadian real estate investment trust
with a portfolio of industrial, office and retail properties in
Canada and the United
States. Artis's vision is to become a best-in-class real
estate asset management and investment platform focused on value
investing.
SOURCE Artis Real Estate Investment Trust
