ARTIS REAL ESTATE INVESTMENT TRUST ANNOUNCES 18.77% OWNERSHIP, TOGETHER WITH ITS JOINT ACTORS, IN DREAM OFFICE REIT

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[{"type":"text","content":"\n \n \n \n ARTIS REAL ESTATE INVESTMENT TRUST ANNOUNCES 18.77% 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 April 12, 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 18.77%.\n \n \n \n \n \n \n \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 3,553,206 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\n \n February 22, 2024\n \n (the \"MCR\"). Since\n \n March 4, 2024\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 March 6, 2024\n \n , and\n \n April 12, 2024\n \n , 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\n \n $6.8 million\n \n , being 379,900 Units at an average price of\n \n $17.92\n \n 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).\n \n \n The Units were acquired for investment purposes.\n \n \n Artis and its joint actors may, from time to time, depending on market and other conditions, increase or decrease their respective beneficial owne...

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