DREAM OFFICE REAL ESTATE INVESTMENT TRUST (D.UN-TSX) or (“Dream Office REIT”, the “Trust” or “we”) announced today that on February 27, 2023, it indirectly disposed of an aggregate of 565,000 units (“Units”) of Dream Industrial Real Estate Investment Trust (TSX: DIR.UN)(“Dream Industrial REIT” or “DIR”) representing approximately 0.2% of the voting units issued and outstanding. The Units were disposed of in the open market through the facilities of the Toronto Stock Exchange at a price of $14.70 per Unit or $8,305,500 in the aggregate (the “Disposition”). As a result of the Disposition, Dream Office REIT’s beneficial holdings of Units have decreased below 10% of the issued and outstanding voting units of Dream Industrial REIT.
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