Financial Personal
Dream Office REIT Renews Normal Course Issuer Bid and Announces Automatic Securities Purchase Plan
This press release contains forward-looking information that is based upon assumptions and is subject to risks and uncertainties as indicated in the cautionary note contained within this press release. TORONTO — DREAM OFFICE REAL ESTATE INVESTM
TORONTO -- DREAM OFFICE REAL ESTATE INVESTMENT TRUST (D.UN-TSX) announced today that the Toronto Stock Exchange (“TSX”) accepted a notice filed by Dream Office REIT (the “Trust”) to renew its prior normal course issuer bid for a one year period. Under the bid, the Trust will have the ability to purchase for cancellation up to a maximum of 862,071 of its REIT Units, Series A (the “REIT A Units”) (representing 10% of the Trust’s public float of 8,620,718 REIT A Units as of August 12, 2024) through the facilities of the TSX. The bid will commence on August 21, 2024 and will remain in effect until the earlier of August 20, 2025 or the date on which the Trust has purchased the maximum number of REIT A Units permitted under the bid. Daily repurchases will be limited to 15,752 REIT A Units, representing 25% of the average daily trading volume of the REIT A Units on the TSX during the last six calendar months (being 63,011 REIT A Units per day), other than purchases pursuant to applicable block purchase exceptions. As of August 12, 2024, the number of issued and outstanding REIT A Units was 16,335,563. Read More
