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Artis Real Estate Investment Pref Shs Series E T.AX.P.E


Primary Symbol: T.AX.PR.E Alternate Symbol(s):  T.AX.UN | ARESF | T.AX.PR.I

Artis Real Estate Investment Trust is an unincorporated closed-end REIT based in Canada. Artis REIT's portfolio comprises properties located in Central and Western Canada and select markets throughout the United States, including regions such as Alberta, British Columbia, Manitoba, Ontario, Saskatchewan, Arizona, Minnesota, Colorado, New York, and Wisconsin. The properties are divided into three categories: office, retail, and industrial. The industrial properties account for most of the portfolio, followed by the office properties and the retail properties.


TSX:AX.PR.E - Post by User

Post by divime1on May 05, 2020 9:00am
172 Views
Post# 30986913

NEWS

NEWS

Good news . No need to take a low ball bid . Payout was 53 % so the dividend should be safe .

2020-05-05 08:30 ET - News Release

 

Artis Real Estate Investment Trust Announces Conclusion of Strategic Review Process

Canada NewsWire

WINNIPEGMay 5, 2020 /CNW/ - Artis Real Estate Investment Trust (TSX: AX.UN) (the "REIT" or "Artis") announced today that its Board of Trustees ("Board") has concluded the previously announced strategic review by a special committee of independent members of the Board (the "Special Committee"). Following a thorough and rigorous process and after receiving input from its outside advisors, the Special Committee has determined that, in light of the current market conditions and global uncertainty, it is not in the best interests of the REIT to pursue a strategic transaction at this time. The Board will remain open to considering strategic opportunities for the REIT in the future.


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