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Multiple buying at True North Comm. REIT (T:TNT)

Updated Monday Oct 23, 2017 02:21 AM EDT

Daniel Drimmer, CEO, Director and 10% Holder, acquired 79,600 Trust Units on an indirect ownership basis for registered holder D.D. Acquisitions Partnership at a price of $6.280 through a prospectus or prospectus exempt offering on October 20th, 2017. This represents a $499,888 investment into the company's shares and an account share holdings change of 2.3%.

On the same terms, William John Biggar, a Director, acquired 10,000 Trust Units on a control or direction basis for registered holder Christine Biggar. This represents a $62,800 investment into the company's shares and an account share holdings change of 23.8%. Tracy Sherren, CFO, acquired 3,900 Trust Units on a direct ownership basis. This represents a $24,492 investment into the company's shares and an account share holdings change of 78.0%.

True North Comm. REIT is in the Commercial REITs Sub Industry Group under the Financials Sector.

True North Commercial REIT is a Canada-based unincorporated, open-ended real estate investment trust. The Company owns approximately 25 commercial properties located in Alberta, Ontario and New Brunswick. The properties consists of approximately 98% office and over 2% industrial space, representing an aggregate of approximately 1,444,100 square feet of gross leasable area. The Company is focused on growing its portfolio principally through acquisitions across Canada and such other jurisdictions where opportunities exist. It holds interest in investment property and other assets and liabilities related to the property in True North Commercial Limited Partnership (TNCLP), which is owned by the REIT. All of the REIT's properties are investment properties. Its properties include 855 8th Avenue SW, 13140 St. Albert Trail, 251 Arvin Avenue, 777 Brock Road, 400 Carlingview Drive, 500 Beaverbrook Court, 295 Belliveau Avenue, 410 King George Highway and 551 King Street.

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Go to True North Commercial Real Estate Investment Trust (TNT)'s company page

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