06:47 AM EST, 03/05/2024 (MT Newswires) -- Artis Real Estate Investment Trust (AX-UN.TO), together with its joint actors, has increased its position in Dream Office Real Estate Investment Trust (D-UN.TO) to 16.76%.

According to Dream Office REIT's Feb. 22 material change report, the REIT completed a consolidation of its voting units on the basis of one post-consolidation unit for every two pre-consolidation units.

As a result of purchases of Dream Office REIT Series A units, Artis and its joint actors owns and exercises control and direction over 3,173,306 units, representing about 16.76% of the issued and outstanding voting units of Dream Office REIT as of Feb. 22.

Since June 27, 2023, Artis and its joint actors acquired 378,650 units representing about 2% of Dream Office REIT's issued and outstanding voting units.

Prior to the acquisitions, Artis and its joint actors owned over 5,589,319 units on a pre-consolidation basis representing about 14.77% of Dream Office REIT's issued and outstanding voting units.