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 > 100% tender

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Comment by Reece1986bon Jun 12, 2023 6:35pm

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Post# 35492495

RE:RE:RE:100% tender

You're most welcome SNAKEYBOY. It would be nice to learn what Artis and DAM were doing before we had to make our decision on the SIB however it is starting to look like we will not have that information when we have to make our decision.

If I knew with 100% certainty that Artis and DAM would not be tendering or would be tendering some miniscule amount like 1 million units each, then I would definitely be thinking we could expect a buyout at some point in the future. I'm not sure what the future holds if Artis and DAM decide to tender 5 million units each though. The market does not seem to think we will get a massively oversubscribed SIB since Dream Office is trading at $15 - not far from $15.50.