Dream / ArtisPer Dream Unlimited: "With the proceeds from the Offer, we have bolstered our balance sheet with additional capital and resources that can be used [for] ... purchases of additional [Dream Office] REIT A Units”
...wow - you're all very smart - I will let you read between the lines.
Very interesting if Mr. Manji did not tender a single unit. This would demonstrate confidence in the underlying assets, which based on Managements actions, current Management lacks. A nil tender would put Artis/Sandpiper ownership at ~18% vs Dream's collectivley at ~33%... Should Mr. Manji subsequently buy more Dream Office, this would further bolster his public display of confidence in the REIT and it's assets. Long-term unit holders here must feel disgusted by the way they have been treated by Management... Not sure why anyone would want to own $D.UN rather than simply owning $DRM.UN based on how Management runs the entire corporate structure. Mr. Manji exerting influence and taking control here and making Dream Office and its unitholders his top priority is not as crazy a thought as it was a couple hours ago...