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Strategic Consolidated Income Fund LLC Sells Units In Dream Residential REIT
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Strategic Consolidated Income Fund LLC Sells Units In Dream Residential REIT
Oct 23, 2025 4:54 AM

07:30 AM EDT, 10/23/2025 (MT Newswires) -- Strategic Consolidated Income Fund LLC (SCIF LLC) overnight Wednesday provided details on the disposition of units in Dream Residential Real Estate Investment Trust (DRR-U.TO, DRR-UN.TO).

The company said it disposed of 1.6-million units in a single block trade through the facilities of the Toronto Stock Exchange at US$10.60 apiece for $16.9 million.

SCIF LLC now owns 1.7-million units, about 10.5% of the outstanding units and, on a fully diluted basis, assuming the exchange of all Class B Units for units, the units held by SCIF LLC of about 8.5% of the units.

"SCIF LLC completed the disposition to partially monetize its investment in Dream REIT," said the company in a statement. "SCIF LLC may sell its remaining units in the market at prevailing prices or through private transactions or hold units until closing of the previously announced going-private transaction of Dream REIT.

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