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Toronto, February 22, 2024–(Business Wire)–Dream Office Real Estate Investment Trust (“Dream Office REIT” or “REIT”) (TSX: D.UN) Today, we confirmed that the integration previously announced on February 15, 2024 has been completed (“unit integration“) of all outstanding Series A REIT units (“REIT A unit“), REIT Unit, Series B (“REIT B unit) and special trust accounts of REITs (collectively, “”)unit”) became effective today on a basis of one post-combination unit for every two pre-combination units. The REIT A unit is owned by the Toronto Stock Exchange (TSX“) will trade under the same trading symbol “D.UN” at market opening on February 27, 2024. REIT B Units and Special Trust Units are not listed or traded on any market. Post-consolidation The REIT’s new CUSIP number and ISIN number A unit are 26153P203 and CA26153P2035, respectively.
As of the market close on February 21, 2024, 32,626,435 REIT A units and 5,233,823 special trust units were outstanding. The accurate number of issued REIT A units and special trust units after the Investment Unit Consolidation will be 16,313,022 units and 2,616,911 units, respectively, taking into account the elimination of fractions. Due to this merger of investment units, there will be no issuance of fractional REIT A units or special trust accounts. Fractions of REIT A accounts and special trust accounts after consolidation are rounded down in some cases.
Registered unitholders will be provided with an advisory statement of existing unit certificates representing pre-consolidation REIT A units or direct registration unit certificates representing post-consolidation unit certificates from Computershare Trust Company of Canada, the REIT’s transfer agent. A cover letter was mailed to you with instructions on how to exchange your book. REIT A Units vested as a result of a unit consolidation. Until delivered to the transfer agent, each unit certificate representing her pre-consolidation REIT A units represents the entire number of new post-consolidation her REIT A units that the holder is entitled to acquire as a result of the unit consolidation. It is considered as a thing. Non-registered investors who hold their REIT A units through a bank, broker or other holder are encouraged to contact the holder for further information.
The exercise price and number of REIT A Units or Special Trust Units issuable upon exercise or deemed exercise of REIT Deferred Units or other convertible or exchangeable securities, as the case may be, will be automatically prorated upon consolidation. will be adjusted. A ratio that reflects the consolidation of units.
Dream Office LP’s general partner also consolidated Dream Office LP’s LP Class A units and LP Class B units on a pro rata basis starting today.
Further details of the Unit Consolidation are contained in the REIT’s Management Information Circular dated April 21, 2023 (the “”).RoundIt has been filed and is available under the REIT profile on SEDAR+ at www.sedarplus.com. Please review the circular for specific terms of unit consolidation. Transmittal letters are also available on the REIT’s SEDAR+. You can view our profile at www.sedarplus.com.
About Dream Office Real Estate Investment Trust
Dream Office REIT is an unincorporated add-on real estate investment trust. Dream Office REIT is a premier office landlord that owns and manages over 3.5 million square feet of property in downtown Toronto. We have carefully selected an investment portfolio of high-quality assets located in unique locations in the world’s leading office markets. For more information, please visit our website at www.dreamofficereit.ca.
Forward-looking information
This press release may contain forward-looking information within the meaning of applicable securities laws. This includes, but is not limited to, statements regarding the timing and completion of unit consolidation and the expected date for the REIT A Units to begin trading. Post-consolidated basis based on TSX. Forward-looking information is based on numerous assumptions and is subject to numerous risks and uncertainties, many of which are beyond the REIT’s control and, therefore, actual results may differ from such forward-looking information. Results may differ materially from those disclosed or implied. -The information you are looking for. These risks and uncertainties include, but are not limited to: adverse changes in general economic and market conditions; risks related to unanticipated or ongoing geopolitical events, such as conflicts between nations, terrorism or other acts of violence, or international sanctions; Inflation; adverse global markets, economic and political conditions, risks of health crises. Our goals and forward-looking statements are based on certain assumptions about our markets, including that the general economy remains stable. Moderate recovery and growth in the general economy will continue until 2024. We also ensure that there are no unanticipated changes to the legal and operational framework for our business. Additional information regarding these assumptions, risks and uncertainties, including the REIT’s most recent annual information form and management’s discussion and analysis, filed with the Electronic Document Analysis and Retrieval System + (www.sedarplus.com) Disclosed in securities regulatory filings. These filings are also available on the REIT’s website at www.dreamofficereit.ca.
All forward-looking information contained in this press release speaks as of the date of this press release. Dream Office REIT undertakes no obligation to update such forward-looking information, whether as a result of new information, future events or otherwise, except as required by law.
View source version on businesswire.com. https://www.businesswire.com/news/home/20240222309097/en/
contact address
For more information, please contact us below.
dream office REIT
Michael J. Cooper
Chairman and CEO
(416) 365-5145
mcooper@dream.ca
Jay Jean
CFO
(416) 365-6638
jjiang@dream.ca
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