WINNIPEG, MB, Feb. 14, 2022 /CNW/ - Artis Real Estate
Investment Trust ("Artis") announced today that on February 14, 2022, it acquired an aggregate of
34,900 REIT Units, Series A ("Units") of Dream Office Real Estate
Investment Trust ("Dream Office") (TSX: D.UN) in the open market
through the facilities of the Toronto Stock Exchange at an average
price of $24.54 per Unit or
$856,446 in the aggregate (the
"Acquisition").
As a result of the Acquisition, Artis, together with
partnerships managed by Sandpiper Group, owns and exercises control
and direction over an aggregate of 5,386,429 Units, representing
approximately 10.06% of the 53,541,288 issued and outstanding
voting units (as reported in Dream Office's management's discussion
and analysis dated November 4, 2021).
Prior to the Acquisition, Artis, together with its joint actors,
owned and exercised control and direction over 5,351,529 voting
units, representing approximately 9.99% of the issued and
outstanding voting units.
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 through market transactions, private agreements, or
otherwise.
Dream Office's head office is located at 30 Adelaide Street
East, Suite 301, Toronto, Ontario,
M5C 3H1.
Artis' 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,
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' vision is to build a
best-in-class asset management and investment platform focused on
growing net asset value per unit and distributions for investors
through value investing in real estate.
SOURCE Artis Real Estate Investment Trust