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

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"The Artis Board and newly formed Special Committee are looking forward to initiating a strategic review that will aim to address the issue of Artis's units trading at a material discount to its intrinsic value," said Ben Rodney, Board Chair of Artis. "The most recent quarter's same property metrics and the dispositions achieved this year are reflections of the quality and caliber of our assets and our management platform. With an IFRS net asset value per unit of over $16, our current market unit price grossly undervalues Artis's units. The Board and management established a plan in 2021 that aimed to enhance value and committed to a timeframe of two to three years to deliver on the plan. Today's announcement demonstrates our commitment to consider all options available to unlock value for our unitholders. We will provide further updates in due course."