Artis REIT Announces Retention of Advisors by Special Committee

Ad blocking detected

Thank you for visiting CanadianInsider.com. We have detected you cannot see ads being served on our site due to blocking. Unfortunately, due to the high cost of data, we cannot serve the requested page without the accompanied ads.

If you have installed ad-blocking software, please disable it (sometimes a complete uninstall is necessary). Private browsing Firefox users should be able to disable tracking protection while visiting our website. Visit Mozilla support for more information. If you do not believe you have any ad-blocking software on your browser, you may want to try another browser, computer or internet service provider. Alternatively, you may consider the following if you want an ad-free experience.

Canadian Insider Ultra Club
$500/ year*
Daily Morning INK newsletter
+3 months archive
Canadian Market INK weekly newsletter
+3 months archive
30 publication downloads per month from the PDF store
Top 20 Gold, Top 30 Energy, Top 40 Stock downloads from the PDF store
All benefits of basic registration
No 3rd party display ads
JOIN THE CLUB

* Price is subject to applicable taxes.

Paid subscriptions and memberships are auto-renewing unless cancelled (easily done via the Account Settings Membership Status page after logging in). Once cancelled, a subscription or membership will terminate at the end of the current term.

Artis REIT Announces Retention of Advisors by Special Committee

Canada NewsWire

WINNIPEG, Aug. 6, 2019  /CNW/ - Artis Real Estate Investment Trust (TSX: AX.UN) ("Artis" or the "REIT") is pleased to announce that its Board's Special Committee has retained Citigroup Global Markets Inc. and Scotiabank to provide financial advisory services to the Committee in connection with Artis' previously announced strategic alternatives review.  Goodmans LLP is legal counsel to the Special Committee.

There can be no assurance that the REIT's review of strategic alternatives will result in any transaction or, if a transaction is undertaken, as to its terms, structure or timing. The REIT does not expect to disclose further developments with respect to this process until its Board of Trustees approves a specific transaction or otherwise concludes the review of strategic alternatives.

About Artis Real Estate Investment Trust

Artis is a diversified Canadian real estate investment trust investing in office, retail and industrial properties. Since 2004, Artis has executed an aggressive but disciplined growth strategy, building a portfolio of commercial properties in select markets in Canada and the United States. As of June 30, 2019, Artis' commercial property comprises approximately 24.9 million square feet of leasable area.

SOURCE Artis Real Estate Investment Trust

View original content: http://www.newswire.ca/en/releases/archive/August2019/06/c9216.html

Copyright CNW Group 2019

Comment On!

140
Upload limit is up to 1mb only
To post messages to your Socail Media account, you must first give authorization from the websites. Select the platform you wish to connect your account to CanadianInsider.com (via Easy Blurb).