ARTIS REAL ESTATE INVESTMENT TRUST ANNOUNCES 16.76% OWNERSHIP, TOGETHER WITH ITS JOINT ACTORS, IN DREAM OFFICE REIT

About this update from Dream Office Real Estate Investment Trust Class A

[{"type":"text","content":"\n \n \n \n ARTIS REAL ESTATE INVESTMENT TRUST ANNOUNCES 16.76% OWNERSHIP, TOGETHER WITH ITS JOINT ACTORS, IN DREAM OFFICE REIT\n \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 Canada NewsWire\n \n \n \n \n \n \n WINNIPEG, MB\n \n \n ,\n \n \n March 4, 2024\n \n \n /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 16.76%.\n \n \n \n \n \n \n \n \n \n According to Dream Office REIT's material change report dated\n \n February 22, 2024\n \n (the \"MCR\"), Dream Office REIT completed a consolidation of its voting units, including the Units (as defined below), on the basis of one post-consolidation unit for every two pre-consolidation units (the \"Consolidation\"). Unless otherwise specified, all unit numbers and dollar amounts in this press release are presented on a post-Consolidation basis.\n \n \n 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 3,173,306 Units, representing approximately 16.76% of the 18,929,933 issued and outstanding voting units of Dream Office REIT as at\n \n February 22, 2024\n \n (as reported in the MCR). Since\n \n June 27, 2023\n \n , the date on which Artis's previous early warning report in respect of Dream Office REIT was filed, and specifically between\n \n August 11, 2023\n \n , and\n \n March 4, 2024\n \n , Artis, together with its joint actors, acquired an aggregate of 378,650 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\n \n $7.29 million\n \n , being 378,650 Units at an average price of\n \n $19.25\n \n per Unit. Prior to the Acquisitions, Artis, t...

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