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

Updated Tuesday Nov 19, 2019 02:55 AM EDT

Daniel Drimmer, CEO, Director and 10% Holder, acquired 505,780 Trust Units on an indirect ownership basis for registered holder D.D. Acquisitions Partnership at a price of $6.920 through a prospectus or prospectus exempt offering on November 18th, 2019. This represents a $3,499,998 investment into the company's shares and an account share holdings change of 11.2%.

In addition, William John Biggar, a Director, acquired 4,146 Trust Units on a direct ownership and 18,000 Trust Units on a control or direction basis for registered holder Christine Biggar. This represents a $153,250 investment into the company's shares and an account share holdings change of 79.5%. Roland Cardy, a Director, acquired 7,000 Trust Units on a direct ownership basis and 8,500 Trust Units on a control or direction basis for registered holder Alice Elizabeth Cardy Trust. This represents a $107,260 investment into the company's shares and an account share holdings change of 60.8%.

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 46 commercial properties located in Alberta, British Columbia, Ontario, Novo Scotia and New Brunswick. The properties consists of office and industrial space, representing an aggregate of approximately 3.9 million 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. All of the REIT's properties are investment properties. Its properties include 3699 63 Avenue NE, 16th Avenue NW Calgary, Alberta, 855 8th Avenue SW Calgary, Alberta, 1020 68th Avenue Northeast Calgary Alberta, 810 Blanshard Street Victoria, British Columbia and 727 Fisgard Street Victoria, British Columbia.

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

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