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ARTIS REAL ESTATE INVESTMENT TRUST ANNOUNCES 20.75% OWNERSHIP, TOGETHER WITH ITS JOINT ACTORS, IN DREAM OFFICE REIT
ARTIS REAL ESTATE INVESTMENT TRUST ANNOUNCES 20.75% OWNERSHIP, TOGETHER WITH ITS JOINT ACTORS, IN...
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[{"type":"text","content":"\n \n \n \n ARTIS REAL ESTATE INVESTMENT TRUST ANNOUNCES 20.75% 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.prntac{\nTEXT-ALIGN: CENTER\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 June 18, 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 20.75%.\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 3,932,476 Units, representing approximately 20.75% of the 18,949,474 issued and outstanding voting units, as reported in Dream Office REIT's management's discussion and analysis dated\n \n May 9, 2024\n \n . Since\n \n April 12, 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 April 16, 2024\n \n , and\n \n June 18, 2024\n \n , Artis acquired an aggregate of 379,270 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 $7.02 million\n \n , being 379,270 Units at an average price of\n \n $18.51\n \n per Unit.\n \n \n The acquired Units were purchased in reliance on the normal course purchase exemption set out in Section 4.1 of National Instrument 62-104 - Take-Over Bids and Issuer Bids (\"NI 62-104\") on the basis that such Units do not represent more than 5% of the outstanding Units, the aggregate number of Units acquired in reliance on this exemption with any joint actors within the last 12 months, when aggregated with acquisitions otherwise made by Artis and its join...