TSX:AX.PR.E - Post by User
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divime1on May 05, 2020 9:00am
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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
WINNIPEG, May 5, 2020
WINNIPEG, May 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.