Artis Real Estate Investment Trust has announced:
that it has closed its previously announced marketed public offering (the “Financing”) of Cumulative Rate Reset Preferred Trust Units, Series C, (“the Series C Units”). Pursuant to the Financing, Artis issued 3.0 million Series C Units at a price of US$25 per Series C Unit for gross proceeds to Artis of US$75,000,000.
The Financing was underwritten by a syndicate led by RBC Capital Markets, CIBC and Macquarie Capital Markets Canada Ltd.
Artis intends to use the net proceeds from the Financing to repay indebtedness, fund future acquisitions, and for general trust purposes.
AX.PR.U is a FixedReset, 5.25%+446, announced September 11. The issue will not be tracked by HIMIPref™.
The issue traded 286,270 shares today in a range of 24.90-01 before closing at 25.00-01, 5×50.
[…] is a FixedReset, 5.25%+446, US Pay, ROC, that commenced trading 2012-9-18 after being announced 2012-9-11. It is callable at par on March 31. The issue has not been tracked […]
[…] issue they intend to redeem is AX.PR.U, a FixedReset, 5.25%+446 US PAY ROC announced 2012-09-11 which commenced trading 2012-9-18, and which is callable at par on […]
[…] is a FixedReset, 5.25%+446, US Pay, ROC, that commenced trading 2012-9-18 after being announced 2012-9-11. It is callable at par on March 31. The issue has not been tracked […]