TORONTO--(BUSINESS WIRE)--Feb. 20, 2024--
DREAM OFFICE REIT (TSX: D.UN) (“Dream Office” or the “Trust”) today announced its February 2024 monthly distribution of 8.333 cents ($1.00 annualized) per REIT Unit, Series A (“REIT A Units”). The February distribution will be payable on March 15, 2024 to unitholders of record as at February 29, 2024.
The Trust will be implementing the consolidation (“Unit Consolidation”) of all the issued and outstanding REIT A Units, REIT Units, Series B (“REIT B Units”) and Special Trust Units of the Trust (collectively, the “Units”) on the basis of one (1) post-consolidation Unit for every two (2) pre-consolidation Units on or around February 22, 2024 and the REIT A Units are expected to begin trading on a post-consolidation basis on the Toronto Stock Exchange at market opening on February 27, 2024. As previously announced on February 14, 2024, the monthly distributions on the REIT A Units of the Trust are currently $0.08333 per REIT A Unit on a pre-consolidation basis and following the completion of the Unit Consolidation, the monthly distributions of the Trust, including the February distribution, will remain $0.08333 per REIT A Unit and will not be proportionately increased or adjusted.
Dream Office REIT is an unincorporated, open-ended real estate investment trust. Dream Office REIT is a premier office landlord in downtown Toronto with over 3.5 million square feet owned and managed. We have carefully curated an investment portfolio of high-quality assets in irreplaceable locations in one of the finest office markets in the world. For more information, please visit our website at www.dreamofficereit.ca.
View source version on businesswire.com:
https://www.businesswire.com/news/home/20240220861563/en/
For further information, please contact:
Michael J. Cooper
Chairman and Chief Executive Officer
(416) 365-5145
mcooper@dream.ca
Jay Jiang
Chief Financial Officer
(416) 365-6638
jjiang@dream.ca
Source: Dream Office REIT
