Artis -- summary under Open-End to Closed-End Fund
Artis REIT offering of fixed-rate non-retractable Series A Preferred Units which are convertible into floating-rate Series B Preferred Units
Overview
Artis is a Manitoba real estate investment trust holding a majority of its consolidated (office, industrial and retail) assets in Canada. Its Declaration of Trust will be amended prior to the closing of the Offering to authorize the issuance of (generally non-voting) preferred units of Artis ("Preferred Units") and to convert Artis from an "open-end" trust to a "closed-end" trust. The outstanding trust units ("Units") are listed on the TSX. A portion of its assets are held in two subsidiary LPs, the larger of which also holds a U.S. subsidiary which will be a U.S. private REIT.
See more detailed summary under Offerings - Preferred Unit Offerings.
| Locations of other summaries | Wordcount | |
|---|---|---|
| Tax Topics - Public Transactions - Offerings - REIT, Trust and LP Offerings - Preferred Unit Offerings - Mutual Fund Trusts | Artis REIT offering of fixed-rate non-retractable Series A Preferred Units which are convertible into floating-rate Series B Preferred Units | 970 |