CA - Dream Office REIT unit buyback plan renewal gets TSX approval

• Dream Office Real Estate Investment Trust ( OTC:DRETF ) (D.UN:CA) said Wednesday the Toronto Stock Exchange accepted a notice the company filed to renew its previous normal course issuer bid for a one-year period.
• Under the bid, Dream Office (D.UN:CA) will be able to buy up to 3,292,287 of its series A REIT units, representing 10% of the REIT's public float. The bid will start on Aug. 19, 2022 and remain in effect until the earlier of Aug. 18, 2023 or the date on which it has purchased the maximum number of units permitted under the bid.
• In connection with the NCIB renewal, Dream Office ( OTC:DRETF ) established an automatic securities purchase plan with its designated broker.
• In its previous NCIB, the REIT repurchased 3,676,723 A units, the maximum allowed under the bid, at an average price of C$23.79 for a total cost of ~C$87.5M.
• Check out Dream Office REIT's (D.UN:CA) Q2 earnings call here.

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