Who will take artis industrial assets? Dream Industrial REIT (TSX: DIR.UN) (the "Trust") announced today that it has filed and obtained a receipt for a final base shelf prospectus (the "Shelf Prospectus"). The Shelf Prospectus is valid for a 25-month period, during which time the Trust may offer and issue, from time to time, units, subscription receipts and debt securities, which may include debt securities convertible into or exchangeable for units of the Trust, or any combination thereof.
The Trust has also renewed its at-the-market equity program (the "ATM Program") that allows the Trust to issue up to $250,000,000 of units (the "Units") from treasury to the public from time to time, at its discretion. The Trust intends to use the net proceeds from the ATM Program, if any, for future property acquisitions, development and redevelopment opportunities, repayment of indebtedness and for general trust purposes.