Dream Office Real Estate Investment Trust T.D.UN

Alternate Symbol(s): DRETF

Dream Office Real Estate Investment Trust (the Trust) is an open-ended real estate investment trust. The Trust owns central business district office properties in various urban centers across Canada, with a focus on downtown Toronto. The Trust owns and manages 3.5 million square feet of office land in downtown Toronto. Its objectives include managing its business and assets to provide both yield and growth over the longer term. Its properties are located across Adelaide Place, Toronto; 30 Adelaide Street East, Toronto; 438 University Avenue, Toronto; 655 Bay Street, Toronto; 74 Victoria Street/137 Yonge Street, Toronto; 36 Toronto Street, Toronto; 330 Bay Street, Toronto; 20 Toronto Street/33 Victoria Street, Toronto; 250 Dundas Street West, Toronto; 80 Richmond Street West, Toronto; 425 Bloor Street East, Toronto; 212 King Street West, Toronto; 357 Bay Street, Toronto; 360 Bay Street, Toronto; 350 Bay Street, Toronto; 56 Temperance Street, Toronto; and 6 Adelaide Street East, Toronto.

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Dream Office Real Estate Investment Trust > Here’s what going to happen IMHO

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Comment by CANCDNon May 04, 2023 12:58pm

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Post# 35430434

RE:RE:Here’s what going to happen IMHO

Hi Frankie,

they need to be able to distribute the 'non cash' portion as units in order to pull off what I outlined.

for example, they will sell Dir at or above NAV no question. Someone will easily pay a premium to market to get a huge chunk without creating market spike.

so to distribute the 450mill or more (they are required to or they pay taxes), they will pay out 8 dollars a unit. 3.50 in cash, 4.50 in D units. At the same time, they will dilute the unit holders for that 4.50 in effect raising the 250 million needed to satisfy debt for 2023.

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