Dream Office REIT Announces Preliminary Results of Its Successful $193.8 Million Substantial Issuer Bid

Jun 20, 2023

DREAM OFFICE REAL ESTATE INVESTMENT TRUST (D.UN-TSX) (“Dream Office REIT”, the “Trust” or “our”) today announced the preliminary results of its substantial issuer bid to purchase for cancellation up to 12,500,000 of its outstanding REIT Units, Series A (“REIT A Units”) at a purchase price of $15.50 per REIT A Unit (the “Purchase Price”), for an aggregate purchase price not to exceed $193,750,000 (the “Offer”). Holders of LP Class B Units, Series 1 of Dream Office REIT (“LP B Units”), a subsidiary of the Trust, were permitted to participate in the Offer by tendering their LP B Units on an as-exchanged basis. The Offer expired at 5:00 p.m. Eastern time on June 19, 2023.

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