Preferred Stock Offerings
By Ru Back Packer Staff, updated Thursday, February 1, 2:29 AM
Slide #410. Artis Real Estate Investment Trust — Preferred Stock Offering
||Artis Real Estate Investment Trust (TSE:AX.UN.CA)
||RBC Capital Markets, CIBC and Macquarie Capital Markets Canada Ltd.
|Price Per Share:
|Date of Over-Allotment Closing:
|Preferred Stock Offering Details:
||Artis Real Estate Investment Trust announced that, pursuant to the exercise in full of the underwriters' over-allotment option granted in connection with its previously announced public offering of Cumulative 5-Year Rate Reset Preferred Trust Units, Series A, (the "Series A Units"), Artis issued an additional 450,000 Series A Units at a price of $25 per Series A Unit for additional gross proceeds to Artis of $11,250,000.
Artis Real Estate Investment Trust is an open-end real estate investment trust. The purpose of Co. is directly, or indirectly, own, manage, lease and (where appropriate) develop retail, industrial and office properties in Canada and the United States. Co.'s investment objective is to acquire and maintain a growing portfolio of properties with stable cash distributions. Co.'s primary objective is to maximize total returns to its unitholders. Returns include a stable, reliable and tax efficient monthly cash distribution as well as long-term appreciation in the value of Co.'s units.
Preferreds: AX.PRA.CA, AX.PRE.CA, AX.PRU.CA
Open the AX.UN.CA Page at Ru Back Packer »
Open the AX.UN.CA Page at Ru Back Packer (in a new window) »