Dream Office Real Estate Investment Trust T.D.UN

If only...

[SNAKEYBOY]

My D shares were tendered as I was expecting at 80-100% (DAM didnt do their 19 million f job) I would have had serious liquidity, like 300k to redeploy to REITS at these bargain basement prices. So frustrating that a perfect trade backfired by their unexpected actions.   No one saw that coming and even though oversuscription was factored in, ~15 million versus 32 million is unprecdented.

[Frankie10]

I admire the unabashful pride you hold that bag with.

[SNAKEYBOY]

No one, and I mean NO ONE saw DAM submitting 19 million to a 12.5 million SIB.  Many thought they would not even tender or at max their tax bill.

[Reece1986b]

You're right. Nobody here saw this coming and even professional analysts were giving Dream Office a higher than $15.50/unit valuation all throughout the time period that the SIB was active. We still don't know why Dream/Cooper chose to do this. Some people think the tax implications of not tendering influenced the decision, other people think Dream tendered everything since they knew that

[Malpeque2]

Well Snakeboy.    Been thinking about your comments regarding the SIB.    A SIB has a securities filing that goes along with it.    In the very recent past ELF has done the exact same thing.........EXCEPT.......they have disclosed that the large shareholders have NO intention of tendering any shares,  that being the Jackman's. In this case I did not even

[SNAKEYBOY]

Dream did put out notice immediately they planned on using the SIB. My complaint is they had the unfair advantage in materially impacting the results which a small shareholder couldn't have anticipated.