Preferred Stock Offerings
By Preferred Stock Channel Staff, updated Monday, August 19, 11:39 PM
Slide #445. Artis Real Estate Investment Trust — Preferred Stock Offering
| Company: |
Artis Real Estate Investment Trust (TSE:AX.UN.CA) |
| Price Per Share: |
$25 |
| Closed Date: |
9/18/2012 |
| Preferred Stock Offering Details: |
Artis Real Estate Investment Trust announced that it has closed its previously announced marketed public offering of Cumulative Rate Reset Preferred Trust Units, Series C. Pursuant to the Financing, Artis issued 3.0 million Series C Units at a price of US$25 per Series C Unit for gross proceeds to Artis of US$75,000,000. |
Artis Real Estate Investment Trust is an open-end real estate investment trust. The purpose of Co. is directly, or indirectly, own, manage, lease and (where appropriate) develop retail, industrial and office properties in Canada and the United States. Co.'s investment objective is to acquire and maintain a growing portfolio of properties with stable cash distributions. Co.'s primary objective is to maximize total returns to its unitholders. Returns include a stable, reliable and tax efficient monthly cash distribution as well as long-term appreciation in the value of Co.'s units.
Preferreds: AX.PRA.CA, AX.PRE.CA, AX.PRU.CA
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