On March 16, 2010, Dundee REIT (TSX: D.UN) announced the closing of its previously announced public offering of REIT units, Series A (Units) at C$25.25 per unit for gross proceeds of C$101.1 million. The offering was underwritten, on a bought deal basis, by a syndicate of underwriters led by TD Securities Inc.
Dundee REIT has also granted to the underwriters an over-allotment option to purchase, at any time up to 30 days after the closing date, up an additional 594,759 units at the offering price, which, if exercised in full, would result in total gross proceeds of C$115.1 million.
The net proceeds will be used to fund acquisitions that have been identified, future acquisitions and for general trust purposes.
Further information is found on Dundee REIT's website.