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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.


TSX:D.UN - Post by User

Comment by BlueJay2020on Jun 20, 2023 12:00am
103 Views
Post# 35504485

RE:RE:Comments from Dream

RE:RE:Comments from DreamWe may not see further selling but the bigger problem for the SP is that it doesn't seem that there will be further buying.  They could have increased their ownershop percentage without spending a cent. Reducing their holding seems a strange step on the way to what we hoped would be a take-private transaction - unless they believe that their actions will sink the SP and they can reclaim their percentage for less than they tendered it for.

If the chance of a take-over premium has receded, and there are many willing sellers stuck with over 60% of the shares they hoped to dump, what is going to prevent a big drop in SP, never mind get back to the tender price.  I'm not filled with confidence tonight.
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