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- Dream Office Real Estate Investment Trust (D.UN:CA) said on Monday it plans to renew its normal course issuer bid.
- The office REIT said the Toronto Stock Exchange has accepted a notice for the renewal by a one-year period.
- The Trust will have the ability to purchase for cancellation up to a maximum of 862.07K units, Series A (the “REIT A Units”). The figure represented 10% of the public float of the REIT A Units as of August 12.
- The bid will commence on August 21.
- The daily purchase limit is set at 15.75K REIT A Units.
- As of August 12, the number of issued and outstanding REIT A Units stood at 16.34M.
- The company said it did not purchase for cancellation any REIT A Units under the prior normal course issuer bid.
- Source: Press Release
