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SANDPIPER GROUP INCREASES ITS POSITION IN ARTIS REAL ESTATE INVESTMENT TRUST
SANDPIPER GROUP INCREASES ITS POSITION IN ARTIS REAL ESTATE INVESTMENT TRUST Canada NewsW...
About this update from Rfa Financial Inc.
[{"type":"text","content":"\n\n\nSANDPIPER GROUP INCREASES ITS POSITION IN ARTIS REAL ESTATE INVESTMENT 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\nCanada NewsWire\n\n\nVANCOUVER, BC, Jan. 8, 2026 /CNW/ - Sandpiper Group (\"Sandpiper\"), together with its joint actors, has increased its position in Artis Real Estate Investment Trust (\"Artis\") (TSX: AX.UN) to 21.47%.\n\n\n\n\n\n\n\nAs a result of the purchases of units of Artis (\"Units\"), Sandpiper, together with its joint actors, owns and exercises control and direction over an aggregate of 20,606,359 Units, representing approximately 21.47% of the 95,966,473 issued and outstanding Units (as reported in Artis' Monthly Cash Distribution Announcement, dated December 15, 2025). Between November 16, 2022, and January 8, 2026 (excluding blackout periods), Sandpiper, together with its joint actors, acquired an aggregate of 1,920,600 Units in the open market under the facilities of the Toronto Stock Exchange, representing approximately 2% of the current issued and outstanding Units (collectively, the \"Acquisitions\"). The aggregate consideration paid to acquire the Units that are the subject of the accompanying Early Warning Report filed by Sandpiper is $14.68 million, being 1,920,600 Units at an average price of $7.64 per Unit.\nThe 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 Sandpiper and its joint actors within the same 12-month period, does not exceed 5% of the Units outstanding at the beginning of the 12-month period, and the consideration paid for the acquired Units was not in excess of the market price at the date of acquisition, as determined in accordance with section 1.11 of NI 62-104, plus reasonable brokerage fees or commissions actually paid...