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Artis reit news. Click here for artis reit tearsheet. A dissident group of unitholders led by sandpiper group seeking to oust five board members of artis reit and stop its planned spinoff of retail properties into a separate trust has the support of the reits largest unitholder jetport inc. Artis real estate investment trust artis we are writing this letter as a unitholder which owns or controls together with our related entities 17990217 units or approximately 133 of. The cash distributions will be made on october 30 2020 to series i unitholders of record on october 30 2020.
Real estate investment trust discussion. Artis to spin off retail assets. Artis proposed a plan last month that would see it spin off its retail portfolio into a new real estate trust and focus on its north american industrial and office businesses. 15 2020 cnw artis real estate investment trust artis or the reit tsx.
The retail trust is. Artis reit is focused on producing a stable and growing stream of cash distributions for unitholders. 19 2020 cnw sandpiper group together with its affiliates sandpiper a significant unitholder of artis reit artis or the reit is pleased to announce support from the largest unitholder of the reit jetport inc which owns or controls together with its related entities approximately 133 of the issued and outstanding units of the reit. Artis reit otcpkaresf has found itself in the crosshairs of a canadian activist investor the private equity firm sandpiper group which launched its bid to oust the ceo and four other.
The meeting is scheduled for feb. Axpri announced that its trustees have declared a quarterly cash distribution of 03750 per series i preferred unit series i unit of artis for the quarter ending october 30 2020.
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