Examples of Dundee REIT in a sentence
By participating in the Plan, you may invest in additional units in two ways:Distribution reinvestment: Unitholders will have cash distributions from Dundee REIT reinvested in additional units as and when cash distributions are made.Cash purchase: Unitholders may invest in additional units by making cash purchases.If you register in the DRIP you will also receive a “bonus” distribution of units equal to 4% of the amount of your cash distributionreinvested pursuant to the Plan.
Cooper2TORONTO, ONTARIOVice Chairman and Chief Executive Officer, Dundee REIT Peter A.
Mr. Crossgrove sits on boards of several public companies, including Barrick Gold Corporation, Dundee REIT, Lake Shore Gold Corp., Excellon, Quadra Logic Technologies and Pelangio Exploration Inc.
The 5.85% Debentures were not redeemable before June 30, 2009 (except in the event of a change in control of Dundee REIT, as defined).
OUTLOOKDuring increasingly uncertain economic times, Dundee REIT is positioned very well.
The Trust purchased 26,602,552 issued and outstanding Whiterock Units at December 31, 2011 through the issuance of 12,580,347 Dundee REIT units at a price of $34.88, the closing Dundee REIT unit price on March 2, 2012, at a conversion rate of 0.4729 Dundee REIT units per Whiterock unit, and paid $159,779 in cash for a total consideration of $598,582, excluding transaction related costs of $30,568 which have been expensed in accordance with IFRS.
In total, Dundee REIT has issued 12,580,347 units of Dundee REIT in connection with the transaction.
The 5.85% Debentures are exchangeable at the holders’ option for Series A Units (“Series A Units”) of Dundee REIT held by the Company or its subsidiaries at any time prior to the earlier of the maturity date and the date fixed for redemption at an exchange price of $29.75 per Unit (being a ratio of 33.6134 Series A Units per$1,000 principal amount of 5.85% Debentures), subject to customary adjustment events.
The LP B Units are held by Dundee Corporation and Dundee Realty Corporation (“DRC”), related parties to Dundee REIT.
The transaction was not with an informed person, associate or affiliate of Dundee REIT.