Transaction|January 7, 2010
Dundee REIT completes C$103.5 million offering of units
Torys acted as counsel to the syndicate of underwriters with a team that included Simon Knowling, Graham Rawlinson, Raymond Archer, Grace Pereira and Daniel Raglan.
On January 7, 2010, Dundee REIT (TSX: D.UN) announced the closing of its previously announced public offering of REIT Units, Series A (Units) at C$18.75 per Unit. The underwriters, led by TD Securities Inc., elected to exercise their over-allotment option in full, resulting in a total of 5,520,000 Units being issued by Dundee REIT for gross proceeds of $103.5 million. The net proceeds will be used to fund acqusitions and for general trust purposes.