WINNIPEG, MB, Aug. 24,
2022 /CNW/ - Artis Real Estate Investment Trust
("Artis" or the "REIT") (TSX: AX.UN) (TSX: AX.PR.A) announced today
that it has delivered formal notice to the registered holder(s) of
its Preferred Units, Series A (the "Series A Units") that, on
September 30, 2022, the REIT will
redeem all of the 3,248,300 outstanding Series A Units at a
price of $25.353875 (the "Redemption
Price") for each Series A Unit, being $25.00 plus $0.353875 in accrued and unpaid distributions
thereon up to but excluding September 30,
2022, less any taxes required to be deducted and withheld by
Artis.
After September 30, 2022, the Series A Units will cease to
be entitled to distributions and the only remaining rights of
holders of such units will be to receive payment of the redemption
amount.
Artis is a diversified Canadian real estate investment trust
with a portfolio of industrial, office and retail properties in
Canada and the United States. Artis' vision is to build a
best-in-class asset management and investment platform focused on
growing net asset value per unit and distributions for investors
through value investing in real estate.
The Toronto Stock Exchange has not reviewed and does not
accept responsibility for the adequacy or accuracy of this press
release.
Suite 600 – 220 Portage Avenue
Winnipeg, MB R3C 0A5
T 204.947.1250 F 204.947.0453
www.artisreit.com
AX.UN on the TSX
SOURCE Artis Real Estate Investment Trust