Business
Sandpiper Group files early warning report in respect of Dream Hard Asset Alternatives Trust
Sandpiper Group files early warning report in respect of Dream Hard Asset Alternatives Tru...
About this update from Dream Impact Trust
[{"type":"text","content":"\n\n\n\nSandpiper Group files early warning report in respect of Dream Hard Asset Alternatives Trust\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\n\nCanada NewsWire\nVANCOUVER, March 6, 2019\n\n\n\nVANCOUVER, March 6, 2019 /CNW/ - Sandpiper Group (\"Sandpiper\") announced today that it has acquired 27,850 units (the \"Units\") of Dream Hard Asset Alternatives Trust (\"DAT\") (TSX: DRA.UN), representing approximately 0.038% of the outstanding Units (as reported in DAT's management's discussion and analysis dated February 20, 2019), in the open market under the facilities of the Toronto Stock Exchange on March 5, 2019 at an average price of $6.86 per Unit or $191,051 in the aggregate (the \"Acquisition\"). \nImmediately prior to giving effect to the Acquisition, Sandpiper owned and exercised control and direction over, in the aggregate, 7,278,584 Units representing approximately 9.9% of the outstanding Units (as reported in DAT's management's discussion and analysis dated February 20, 2019). Immediately after giving effect to the Acquisition, Sandpiper owns and exercises control and direction over, in the aggregate, 7,306,434 Units, representing approximately 10.0% of the outstanding Units (as reported in DAT's management's discussion and analysis dated February 20, 2019).   \nSandpiper acquired the securities of DAT based on its belief that the securities are undervalued and represent an attractive investment opportunity. \nSandpiper has engaged, and intends to continue to engage, in discussions with DAT leadership and looks forward to further dialogue with regards to, among other things, capital allocation, corporate governance and board composition, corporate strategy and opportunities to maximize unitholder value. Further, Sandpiper may from time to time engage with other unitholders of DAT regarding DAT, its business and prospects, board composition and potential means for maximizing unitholder value. Consistent with Sandpiper's investment intent, Sandpiper may also from time to time advocate or oppose one or more courses of a...