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

<< Previous

Bullboard Posts

Next >>

Post by Betteryear2on Apr 29, 2022 1:10pm

208 Views

Post# 34642869

COMPLETES OFFERING OF $200 MILLION OF

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

WINNIPEG, MB, April 29, 2022 /CNW/ - Artis Real Estate Investment Trust ("Artis" or the "REIT") (TSX: AX.UN) announced today that it has closed its previously announced offering of $200 million aggregate principal amount of series E senior unsecured debentures (the "Debentures"). The Debentures bear interest at a rate of 5.60% per annum and mature on April 29, 2025. The Debentures were sold on a private placement basis in certain provinces of Canada. The offering was made on an agency basis by a syndicate of agents led by BMO Capital Markets as joint lead bookrunner, and CIBC Capital Markets and Scotiabank as additional joint leads.