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.

TSX:AX.PR.E - Post by User

Artis Real Estate Investment Pref Shs Series E

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Post by Betteryear2on Apr 26, 2022 7:25pm

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Post# 34634088

PRICING OF $200 M OF 5.60% SERIES E SENIOR UNSECURED DEBENT.

/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/

WINNIPEG, MB, April 26, 2022 /CNW/ - Artis Real Estate Investment Trust ("Artis" or the "REIT") (TSX: AX.UN) announced today that it has agreed to issue $200 million aggregate principal amount of Series E senior unsecured debentures (the "Debentures"). The Debentures will bear interest at a rate of 5.60% per annum and will mature on April 29, 2025. The Debentures are being offered on a best efforts agency basis by a syndicate of agents led by BMO Capital Markets, CIBC Capital Markets and Scotiabank and including Desjardins Securities, National Bank Financial, RBC Capital Markets and TD Securities. The offering is expected to close on or about April 29, 2022, subject to satisfaction of customary closing conditions. DBRS Limited has assigned a provisional rating of "BBB (low) (stable)" to the Debentures. It is a condition to the closing of the offering that DBRS Limited assign a final rating to the Debentures of "BBB (low) (stable)".