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 > SO MAD

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Comment by Reece1986bon Jun 07, 2023 4:28pm

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Post# 35485202

RE:SO MAD

Congrats SNAKEYBOY. It looks like you are going to do very well on this arb trade. I wouldn't be too mad at yourself!

I think it will be better for the REIT in the end if we are undersubscribed a bit. We were only cancelling around 3 million units a year with the NCIB so even if 9 million units are tendered that is still 3 entire years worth of NCIB activity cancelled by this SIB. Dream gets to keep more liquidity this way and everyone gets to tender 100% of all units they want tendered.

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