WINNIPEG, MB, Aug. 24, 2022 /CNW/ – Artis Actual Property Funding Belief (“Artis” or the “REIT”) (TSX: AX.UN) (TSX: AX.PR.A) introduced right this moment that it has delivered formal discover to the registered holder(s) of its Most well-liked Items, Sequence A (the “Sequence A Items”) that, on September 30, 2022, the REIT will redeem the entire 3,248,300 excellent Sequence A Items at a value of $25.353875 (the “Redemption Value”) for every Sequence A Unit, being $25.00 plus $0.353875 in accrued and unpaid distributions thereon as much as however excluding September 30, 2022, much less any taxes required to be deducted and withheld by Artis.
After September 30, 2022, the Sequence A Items will stop to be entitled to distributions and the one remaining rights of holders of such items shall be to obtain fee of the redemption quantity.
Artis is a diversified Canadian actual property funding belief with a portfolio of business, workplace and retail properties in Canada and the US. Artis’ imaginative and prescient is to construct a best-in-class asset administration and funding platform targeted on rising web asset worth per unit and distributions for traders via worth investing in actual property.
The Toronto Inventory Trade has not reviewed and doesn’t settle for duty for the adequacy or accuracy of this press launch.
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AX.UN on the TSX
SOURCE Artis Actual Property Funding Belief
For additional data: Mr. Samir Manji, President and Chief Govt Officer, Ms. Jaclyn Koenig, Chief Monetary Officer or Ms. Heather Nikkel, Vice-President – Investor Relations and Sustainability of the REIT at 1.204.947.1250