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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

Real Estate REIT - Diversified
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

TSX:AX.PR.E - Post Discussion

Artis Real Estate Investment Pref Shs Series E > NCIB - Pref Buybacks?
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Post by borne2run on Aug 29, 2023 11:35am

NCIB - Pref Buybacks?

Looks like Artis re-purchased over 60k of preferred shares late Monday.  Two transactions, one each for the E and I series, at $17.02 & $17.04.  Dividend yield is above 10%. 

Good deal for both common and pref holders. Not so great for the sellers.
Comment by Income on Aug 29, 2023 12:36pm
Sounds incrementally positive. Where did you see this information?  Curious to follow the source. Thanks in advance!
Comment by borne2run on Aug 29, 2023 3:29pm
Just saw the 2 crosses in trade history.  Similar prices to previous Pref buybacks.  Question mark in the Subject line means that this is speculation on my part. Will know within a week by reviewing the SEDI reports. Last pref re-purchase was 76k I series at $18.50 and 2.4k Es at $17.60 on Aug 4th.
Artis Real Estate Investment Pref Shs Series E
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