Artis Real Estate Investment Pref Shs Series E T.AX.PR.E

SIB coming this month for Artis?

[EstevanOutsider]

buyback has been frozen since the NCIB expired.. nothing on the prefs or commons, only filings since have been lagged ones, which makes me think the company is under blackout.

i could easily envision a sib here given low liquidity/poor trading volume plus the one major asset sale with another in the pipeline. also fcr units have greatly recovered giving samir more fcr. a couple big days this week of volume there, wonder if artis is selling.

either way, manji finally has some options. would guess he's waiting to put new mortgages on properties given falling rate pressures but something likely brewing.

[BlueJay2020]

Agree - I've finally opened a position and adding here and there.

[babybunny]

All signs do indeed point to a SIB in the works, so much so that this is now my base case. I am keeping my fingers crossed that the unit price remains mired in the ~$6.50 range so the SIB can be executed at a dirt-cheap price (perhaps as low as $7.25 if we are really lucky). Baby Bunny

[Olhausen]

BB  iI am interested in what you are seeing! Could you please elaborate and describe  "All signs" that you are seeing? I am hoping for the same however I'm not seeing any signals of action to that regard. thanks

[Frankie10]

You can back into it by simply asking yourself why the buybacks of the preferred units stopped? Have we decided against paying down debt? The prefs, at current prices, yield above 10%... by far the safest use of proceeds on disposition recently announced. It's clear that more sales are in the pipeline... yet no buybacks. Could only mean something is cooking that is preventing them from buying

[babybunny]

Sure Olfhausen, allow me to explain my thoughts: (1) Lack of buying under the NCIB despite the compelling unit price.  This is particularly noteworthy since in the past Samir has jumped all over the NCIB right out of the gate, so much so that it gets completed months early.  This clearly indicates something is cooking, noteworthy enough that Artis is blacked out from buying under the

[Olhausen]

Thanks for your elaboration and efforts in your explanation. I wondered if I might have missed something, and that is why I asked. I have speculated on the possibility of ideas you have presented and they are certainly plausible. The possibility of a lack of signal could in itself be a signal, maybe a holding pattern for the outcome and "grand reveal" of the strategic review, or funding

[DZtrader]

Hey Olhausen, welcome to the board, nice and refreshing to hear from others. "Bum fluff" now there's a new one for me. A certain poster on this board comes to mind when I see this! Actually suites him/them to a tee!