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Sandpiper Publishes Presentation Highlighting Opportunity for Significant Value Creation at Artis REIT
Sandpiper Publishes Presentation Highlighting Opportunity for Significant Value Creation ...
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[{"type":"text","content":"Sandpiper-ArtisREIT\n \n \n \n Sandpiper Publishes Presentation Highlighting Opportunity for Significant Value Creation at Artis 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 VANCOUVER, BC, Oct. 7, 2020\n \n \n \n \n \n \n Publishes detailed thoughts on Artis and the opportunity for significant value creation at the following link:\n \n www.abetterartis.com\n \n \n \n \n \n Outlines an\n \n \n actionable plan to ensure effective board oversight and governance, enhance capital allocation, increase distributions to unitholders, and properly evaluate and improve the future of Artis\n \n \n \n \n Believes fair value of Artis is $16+ per unit\n \n \n \n \n Highlights that unitholders have suffered through extensive transactions with entities connected to the CEO's family\n \n \n and value-destroying capital allocation for far too long\n \n \n \n \n Seeks to replace five of the trustees of Artis with five highly qualified candidates\n \n \n \n \n Reiterates its opposition for the proposed Artis retail REIT spin-off\n \n \n \n \n \n VANCOUVER, BC\n \n ,\n \n Oct. 7, 2020\n \n /CNW/ - Sandpiper Group, together with its affiliates (\"Sandpiper\"), a significant unitholder of Artis REIT (\"Artis\" or the \"REIT\"), announced today that it has published a presentation which details its concerns and plans for significant value creation at Artis. The presentation is accessible at the following link:\n \n www.abetterartis.com\n \n .\n \n \n \"Despite our constructive engagement with Artis' management and the board of trustees of Artis over the past three years, it has become clear to us that their priority lies in protecting the status quo, which provides substantial benefits to the Martens family at the expense of Artis unitholders,\" said\n \n Samir Manji\n \n , CEO of Sandpiper. \"This is about a long-standing history of poor capital allocation, extensive transactions with entities connected to the CEO's family, an ineffective and overpaid CEO, and an entrenched board that has failed to successfully govern, manage, and maximize value for a...