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 a diversified Canadian real estate investment trust with a portfolio of industrial, office and retail properties in Canada and the United States. The Company’s portfolio comprises more than 100 commercial properties. Its properties include Bower Centre; Maynard Technology Centre; McCall Lake Industrial; Pepco Building; Alex Building; 1093 Sherwin Road; 1681-1703 Dublin Avenue; Keewatin Distribution Centre; 360 Main & Shops of Winnipeg Square; Hamilton Building; Bell MTS Building II; Grande Prairie Power Centre; Northern Lights Shopping Centre I; 2190 McGillivray Boulevard; 1431 Church Avenue; Prudential Business Park 1; 951-977 Powell Avenue & 1326 Border Street, 100 Omands Creek Boulevard, Hudson's Bay Centre, and others.

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Artis Real Estate Investment Pref Shs Series E > Pref shares

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Comment by HermannHalleron Aug 23, 2022 9:02am

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Post# 34913621

RE:RE:Pref shares

My thoughts exactly. I think they will make redemption announcement next week. $25 plus final 35c div at end of September.

borne2run wrote: Reset will be over 7% based on today's trading in the 5 year Government of Canada bond.
Only 3.25 million A prefs outstanding, lowest of the 3 issues.
And Reset Premium to 5 yr bond is the highest at 4.06%.
So, if Artis were to redeem a preferred issue, this should be the prime candidate.

I recently purchased some of these - if they are reset I will enjoy a decent yield for the next 5 years; and if they are redeemed, I make a couple percent for a 6 week hold.