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

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

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Artis Real Estate Investment Pref Shs Series E > NO DRIP

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Comment by HermannHalleron Jun 23, 2021 9:41am

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Post# 33433621

RE:NO DRIP

I agree completely, should be no DRIP, and particularly no DRIP at a discount.

On the issue of a special distribution, this is a problem for them with the REIT structure. If they have to distribute the proceeds of asset sales, how then do they use the money to pay down debt and invest elsewhere? This is why they asked shareholders at the AGM for the ability to change status.

Malpeque2 wrote: We don't want shareholders dripping into the stock at a large discount to NAV.

That is the purpose of the buybacks of common. If you drip you defeat that purpose of the buybacks at discounts.

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From now on, dynaCERT instead of Bitcoin or NVIDIA?