WINNIPEG, MB, June 27, 2023 /CNW/ - Artis Real Estate Investment Trust ("Artis") and its joint actors have decreased their position in Dream Office Real Estate Investment Trust ("Dream Office") (TSX: D.UN) to 14.77%, pursuant to Dream Office's substantial issuer bid (the "SIB") in which Dream Office offered to purchase up to 12,500,000 of its outstanding Series A units (the "Units") at a price of $15.50 per Unit. On June 22, 2023, Dream Office announced that it would acquire 12,500,000 Units pursuant to the SIB. Artis and partnerships managed by Sandpiper Group sold an aggregate of 2,409,568 Units pursuant to the SIB (of which Artis sold 2,185,035 Units), resulting in aggregate cash proceeds to Artis and its joint actors of $37.3 million.
Read more at newswire.caARTIS REAL ESTATE INVESTMENT TRUST ANNOUNCES DISPOSITION OF UNITS OF DREAM OFFICE REIT
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