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

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

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 > Monday is the most important day in history for AX.UN

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Comment by EstevanOutsideron Apr 01, 2023 10:58pm

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Post# 35374270

RE:RE:RE:Monday is the most important day in history for AX.UN

i realize they were accumulated in the prior week and then submitted for cancelation which appeared on friday's sedi filings, still a massive amount for a reit like ARTIS which already has a tight float. i suspect artis wouldn't be buying back units if company fundamentals were weak nor likely would have manji bought over $3 million himself. actually they have leverage metrics they must maintain with creditors!

a blackout could occur if the company is in process of doing anything material (like debt refinancing) pending release to the public. i didn't review the original ncib announcement but it seems like they use it tactically more then automated which would be omited from blackout restrictions.

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