| Dream Unlimited Corp. (TSX:DRM) (TSX:DRM.PR.A) ("Dream") announced today that it is deemed to have indirectly acquired 562,765 REIT Units, Series A ("Units") of Dream Office REIT (TSX:D.UN) ("Dream Office REIT"), representing approximately 0.7% of the issued and outstanding Units, on multiple Canadian markets including the Toronto Stock Exchange for aggregate consideration of $11,573,114 or approximately $20.56 per Unit. The 562,765 Units were acquired by Dream Alternatives 2017 Holding LP ("Dream Alternatives Holdings"), a subsidiary of Dream Alternatives Master LP, the operating entity of Dream Hard Asset Alternatives Trust (TSX:DRA.UN) ("Dream Alternatives"). The general partner of Dream Alternatives Master LP is an indirect, wholly-owned subsidiary of Dream and, as a result, Dream is deemed to beneficially own the Units acquired by Dream Alternatives Holdings. Prior to this deemed acquisition, Dream and its joint actors owned 11,654,981 Units representing appr oximately 14.1% of the issued and outstanding Units and, following the deemed acquisition, Dream and its joint actors own 12,217,746 Units representing approximately 14.8% of the issued and outstanding Units. The Units referred to above were acquired for investment purposes. Dream, Dream Alternatives and Dream Alternatives Holdings may from time to time acquire additional securities of Dream Office REIT, or dispose of some or all of such securities or maintain their current holdings. This press release is being issued pursuant to the requirements of National Instrument 62-103 - The Early Warning System and Related Take-Over Bid and Insider Reporting Issues ("NI 62-103") of the Canadian Securities Administrators. A copy of the report to be filed by Dream in connection with the transactions described herein will be available on Dream Office REIT's SEDAR profile at www.sedar.com, and can also be obtained by contacting Mr. Robert Hughes, Vice-President, Legal Counsel, Dream Unlimited Corp. at 416-365-3535. Dream's head office is located at Suite 301, State Street Financial Centre, 30 Adelaide Street East, Toronto, Ontario M5C 3H1. Dream Office REIT's head office is located at Scotia Plaza, 40 King Street West, Suite 3700, Toronto, ON M5H 3Y2. About Dream Unlimited Corp. Dream is one of Canada's leading real estate companies with approximately $14.8 billion of assets under management in North America and Europe. The scope of the business includes residential land development, housing and condominium development, asset management for four TSX-listed trusts, investments in and management of Canadian renewable energy infrastructure and commercial property ownership. Dream has an established track record for being innovative and for its ability to source, structure and execute on compelling investment opportunities. For further information, please contact: Dream Unlimited Corp. Michael J. Cooper Chief Responsible Officer (416) 365-5145 mcooper@dream.ca Pauline Alimchandani Chief Financial Officer (416) 365-5992 palimchandani@dream.ca |