WINNIPEG, Sept. 9 /CNW/ - Artis Real Estate Investment Trust (TSX:AX.UN)
("Artis" or the "REIT") announced today that the trading halt on its
securities will be lifted. Artis had requested the trading halt in
anticipation of making a material announcement, however, as at the time of the
issuance of this press release, there is no information to announce.
Artis is a growth oriented real estate investment trust focused
exclusively on commercial properties located in primary and growing secondary
markets in western Canada. The REIT's goal is to provide unitholders the
opportunity to invest in high quality western Canadian office, retail and
industrial properties, as well as to provide monthly cash distributions that
are stable, tax efficient, and growing over time.
Artis' commercial property comprises approximately 6.3 million square
feet of leasable area in 83 properties. Leasable area is approximately 31% in
Manitoba, 7% in Saskatchewan, 56% in Alberta, and 6% in B.C.; by asset class
the portfolio is 31% retail, 41% office and 28% industrial.
The REIT's Distribution Reinvestment Plan ("DRIP") allows unitholders to
have their monthly cash distributions used to purchase trust units without
incurring commission or brokerage fees, and receive bonus units equal to 4% of
their monthly cash distributions. More information can be obtained at
The Toronto Stock Exchange does not accept responsibility for the
adequacy or accuracy of this press release.
Suite 300 - 360 Main Street
Winnipeg, MB R3C 3Z3
T 204.947.1250 F 204.947.0453
AX.UN on the TSX
For further information:
For further information: Mr. Armin Martens, President and Chief
Executive Officer; Mr. Jim Green, Chief Financial Officer or Ms. Kirsty
Stevens, Senior VP - Investor Relations, (204) 947-1250