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

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

Real Estate REIT - Diversified

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

Artis Real Estate Investment Pref Shs Series E > Preffered shares I

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Comment by Frankie10on Mar 31, 2023 6:46pm

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Post# 35372997

RE:RE:RE:Preffered shares I

No, the prefs cannot be bought back - not meaningfully anyway. We will need to wait 5 years to fully redeem those prefs. If you're here for yield, the prefs just became very attractive. Higher yield than common units, higher up the cap table (if you're scared of the debt), however no capital appreciation upside (other than the interest).

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