Dream Industrial REIT Renews Normal Course Issuer Bid and Automatic Securities Purchase Plan

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[{"type":"text","content":"Dream Industrial REIT Renews Normal Course Issuer Bid and Automatic Securities Purchase Plan\n\n\n .bwalignc { text-align: center; list-style-position: inside }\n \n\n\n\n\n This press release contains forward-looking information that is based upon assumptions and is subject to risks and uncertainties as indicated in the cautionary note contained within this press release.\n \n\n\n\n\n\n DREAM INDUSTRIAL REAL ESTATE INVESTMENT TRUST (TSX: DIR.UN)\n \n announced today that the Toronto Stock Exchange (“\n \n TSX\n \n ”) has accepted a notice of intention filed by Dream Industrial REIT (the “\n \n Trust\n \n ”) to make a normal course issuer bid (the “\n \n Bid\n \n ”). Under the Bid, the Trust will have the ability to purchase for cancellation up to a maximum of 28,272,244 of its Units (the “\n \n Units\n \n ”) (representing 10% of the Trust’s public float of 282,722,448 Units as of February 28, 2026) through the facilities of the TSX or any alternative Canadian trading system or by such other means as may be permitted by the Canadian Securities Administrators. The Bid will commence on March 10, 2026 and will remain in effect until the earlier of March 9, 2027 or the date on which the Trust has purchased the maximum number of Units permitted under the Bid. Daily repurchases will be limited to 127,854 Units, representing 25% of the average daily trading volume of the Units on the TSX during the last six calendar months (being 511,416 Units per day), other than purchases pursuant to applicable block purchase exceptions. As of February 28, 2026, the number of issued and outstanding Units was 284,017,577.\n \n\n In connection with the filing of its normal course issuer bid, the Trust has established an automatic securities purchase plan (the “\n \n Plan\n \n ”) with its designated broker to facilitate the purchase of Units under the normal course issuer bid at times when the Trust would ordinarily not be permitted to purchase its Units due to regulatory restrictions or self-imposed blackout periods. Purchases will be made by the Trust’s broker based upon the parameters prescribed by the TSX and the terms of the parties’ written agreement. Outside of such restricted or blackout periods, the Units may also be purchased in accordance with managemen...

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