Bullboard - Stock Discussion Forum Artis Real Estate Investment Pref Shs Series E T.AX.PR.E

Alternate Symbol(s): ARESF | T.AX.UN | T.AX.PR.I

Artis Real Estate Investment Trust is an unincorporated closed-end REIT based in Canada. Artis REIT's portfolio comprises properties located in Central and Western Canada and select markets throughout the United States, including regions such as Alberta, British Columbia, Manitoba, Ontario, Saskatchewan, Arizona, Minnesota, Colorado, New York, and Wisconsin. The properties are divided into... see more

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TSX:AX.PR.E - Post Discussion

Artis Real Estate Investment Pref Shs Series E > MY EXPECTATION

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Post by SNAKEYBOY on Mar 06, 2023 12:44pm

MY EXPECTATION

Is that Artis is incrementally selling FCR to fund the Artis NCIB. Not liquidating their entire holdings any time soon. It is a preudent trade at this juncture.

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Comment by Reece1986b on Mar 06, 2023 1:21pm

I hope so SNAKEYBOY. I don't know why FCR's unit price would be negative today when FCR's future clearly has more certainty today than it did last week. Artis selling some FCR units to fund the NCIB would certainly explain things. Artis would completely redeem themselves in my eyes if they take advantage of this TSX index removal by purchasing a bunch more cheap Artis units.

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