Dream Office Real Estate Investment Trust T.D.UN

100% tender

[SNAKEYBOY]

I'll do a 100% tender of all my shares if REITS tank in next few days based on cpi or fed. Seems like a cautious play.  If d.un doesn't go back down after I can likely buy HR in 9s and Riocan at $18.  My question is what is likelihood there's a formal buyout after the SIB?

[Gabriel1987]

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[Reece1986b]

I think Dream Office being bought shortly after the SIB is unlikely. The remaining DIR units are pledged against the large credit facility so Dream Office would probably need to sell 2-3 properties in order to gain access to them. I think we'll see a second SIB using the remaining DIR units before we see a buyout since it will greatly reduce the amount of capital the buyers would need to put

[SNAKEYBOY]

Thanks Reece.  I hate to part with my shares and get 20 offer next week. 

[Reece1986b]

You're most welcome SNAKEYBOY. It would be nice to learn what Artis and DAM were doing before we had to make our decision on the SIB however it is starting to look like we will not have that information when we have to make our decision. If I knew with 100% certainty that Artis and DAM would not be tendering or would be tendering some miniscule amount like 1 million units each, then I would

[SNAKEYBOY]

It's truly a chess game for guys like me and Frankie that wanna make a nice buck for a trade but hold some for longterm.  IF the reit sector bends over next couple days I'm taking no risks.  Ideally the sector bounces as inflation rate is expected to fall massively from 4.9 to 4%