TSX Accepts Filing of Normal Course Issuer Bid
(firmenpresse) - TORONTO, ONTARIO -- (Marketwired) -- 12/16/14 -- Dream Global Real Estate Investment Trust (TSX: DRG.UN) (the "Trust") announced today that the Toronto Stock Exchange (the "TSX") has accepted its Notice of Intention to make a normal course issuer bid (the "Bid"). Under the Bid, the Trust will have the ability to purchase for cancellation up to a maximum of 10,971,399 of its Units (representing 10% of the Trust's public float of 109,713,986 Units as at December 1, 2014) through the facilities of the TSX at prevailing market prices and in accordance with the rules and policies of the TSX. The actual number of Units that may be purchased and the timing of any such purchases will be determined by the Trust, subject to a maximum daily purchase limitation of 66,519 units which equals 25% of the average daily trading volume during the period from June 1, 2014 to November 30, 2014 (being 266,076 units per day), except where purchases are made in accordance with "block purchase" exemptions under applicable TSX rules. The Bid will commence on December 18, 2014 and remain in effect until the earlier of December 17, 2015 or the date on which the Trust has purchased the maximum number of shares permitted under the Bid. As of December 1, 2014, the number of issued and outstanding Units is 111,307,722.
The Trust is making the Bid because it believes that units may become available during the period of the Bid at prices that would make the purchase of such units for cancellation in the best interests of the Trust and its Unitholders.
About Dream Global Real Estate Investment Trust
Dream Global REIT is an unincorporated, open-ended real estate investment trust that provides investors with the opportunity to invest in commercial real estate exclusively outside of Canada. Dream Global REIT's portfolio currently consists of approximately 15.3 million square feet of gross leasable area of office, industrial and mixed use properties across Germany. For more information, please visit .
Forward-Looking Information
This press release may contain forward-looking information within the meaning of applicable securities legislation, including with respect to future purchases of Units by the Trust. Forward-looking information is based on a number of assumptions and is subject to a number of risks and uncertainties, many of which are beyond the Trust's control, which could cause actual results to differ materially from those that are disclosed in or implied by such forward-looking information. These risks and uncertainties include, but are not limited to, general and local economic and business conditions; the financial condition of tenants; our ability to refinance maturing debt; leasing risks, including those associated with the ability to lease vacant space; and interest and currency rate functions. All forward-looking information in this press release speaks as of December 16, 2014. The Trust does not undertake to update any such forward looking information whether as a result of new information, future events or otherwise. Additional information about these assumptions and risks and uncertainties is disclosed in filings with securities regulators filed on SEDAR (). These filings are also available at the Trust's website at .
Contacts:
Dream Global Real Estate Investment Trust
P. Jane Gavan
President and Chief Executive Officer
(416) 365-6572
Dream Global Real Estate Investment Trust
Rene Gulliver
Chief Financial Officer
(416) 365-5447
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Datum: 16.12.2014 - 12:59 Uhr
Sprache: Deutsch
News-ID 359679
Anzahl Zeichen: 6573
contact information:
Town:
TORONTO, ONTARIO
Kategorie:
Personal Finance
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