Slate Office REIT (the “REIT”) (TSX: SOT.UN) (TSX: SOT.WT) today announced that it has closed its previously announced offering (the “Offering”) of 10,820,000 subscription receipts (the “Subscription Receipts”) of the REIT at a price of $7.40 per Subscription Receipt for gross proceeds of $80,068,000. The Offering was completed on a bought deal basis through a syndicate of underwriters bookrun...
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Slate Office REIT (“Slate Office” or the “REIT”) (TSX: SOT.UN) announced today that the Board of Trustees has declared a distribution for the month of June 2015 of CDN$0.0625 per trust unit of the REIT. The distribution will be payable on July 15, 2015 to unitholders of record as of the close of business on June 30, 2015. Slate Asset Management L.P. ("Slate"), is the REIT’s...
FAM REIT to acquire seven office properties located in attractive submarkets within the Greater Toronto Area, which are complementary to FAM’s current office portfolio and comprise an aggregate of approximately 1.1 million square feet of gross leasable area. Purchase price of $190.0 million compares favourably to the aggregate value of the Acquisition Properties in the Independent Appraisals,...
Highlights Slate to acquire Huntingdon, assume the FAM Management Agreement and reposition FAM as a Canadian Office REIT FAM enters into a non-binding letter of intent to acquire seven office properties located in the GTA from Slate for $190 million, consisting of $144 million in cash and 5.1 million units issued to Slate at a price of $9.00 per unit, subject to due diligence and receipt of...
FAM Real Estate Investment Trust (“FAM REIT”, or the “REIT”) (TSX: F.UN) (TSX: F.WT) announced today its financial results for the three months and nine months ended September 30, 2014. KEY HIGHLIGHTS Same‐property occupancy of 95.1% as at September 30, 2014, lower than occupancy of 97.8% on a sequential basis as at June 30, 2014, and 98.2% on a year‐over‐year basis as at September...
FAM Real Estate Investment Trust (the “REIT”) (TSX: F.UN) (TSX: F.WT) announced today it has declared cash distributions for the months of January, February, and March 2015 as per the following schedule: Month Record Date Distribution Date Distribution Amount per unitJanuary 2015January 30, 2015February 16, 2015$0.0625February 2015February 27, 2015March 16, 2015$0.0625March 2015March...
FAM Real Estate Investment Trust (the “REIT”) (TSX: F.UN) (TSX: F.WT) is pleased to announce that ISS Proxy Advisory Services (“ISS”), a leading independent proxy advisory firm, has recommended that unitholders (the “Unitholders”) of the REIT vote in favour of the unitholder resolution approving the acquisition (the “Acquisition”) of a portfolio of seven office properties (the...
FAM Real Estate Investment Trust (“FAM REIT” or the “REIT”) (TSX: F.UN) (TSX: F.WT) is pleased to announce that the Toronto Stock Exchange (the "TSX") has accepted the REIT's notice of intention to make a normal course issuer bid for a portion of its trust units (the “Units”). As of the date hereof, 14,888,759 Units are outstanding. Pursuant to the notice, the REIT may purchase for...
Dec. 5, 2014 – FAM Real Estate Investment Trust ("FAM REIT") (the "REIT") (TSX: F.UN) (TSX: F.WT) is pleased to announce that minority unitholders have approved the previously announced indirect acquisition (the "Acquisition") of a portfolio of seven office properties from Slate GTA Suburban Office Inc. for approximately $190.0 million (subject to adjustment in accordance with the terms of the...
Dec. 17, 2014-FAM Real Estate Investment Trust (“FAM REIT” or the “REIT”) (TSX: F.UN) (TSX: F.WT) is pleased to announce the closing of its previously announced indirect acquisition (the “Acquisition”) of a portfolio of seven office properties from Slate GTA Suburban Office Inc. (“Slate GTA”) for approximately $190.0 million. As partial consideration for the Acquisition, the REIT...