Dundee REIT completes C$61.5 million equity offering

On September 9, 2009, Dundee REIT (TSX: D.UN) announced the closing of its previously announced public offering of 3,350,000 REIT Units, Series A (Units) at a price of C$18.35 per Unit for gross proceeds of C$61.5 million. The offering was completed through a syndicate of investment dealers led by TD Securities Inc. Dundee REIT granted the syndicate an over-allotment option, exercisable for a period of 30 days following closing, to purchase up to an additional 502,500 Units which, if exercised, would increase the gross proceeds to C$70.7 million.

The net proceeds of the offering will be used for general trust purposes, including for funding possible future acquisitions and repayment of debt incurred in connection with those acquisitions. The units being offered have not been and will not be registered under the United States Securities Act of 1933 and accordingly are not being offered for sale and may not be offered, sold or delivered, directly or indirectly within the United States, its possessions and other areas subject to its jurisdiction or to, or for the account or for the benefit of a U.S. person, except pursuant to an exemption from the registration requirements of that Act.

Further information is found on Dundee REIT's website.