ARTIS REAL ESTATE INVESTMENT TRUST ANNOUNCES NOTICE OF REDEMPTION OF SERIES A PREFERRED UNITS EFFECTIVE SEPTEMBER 30, 2022

WINNIPEG, MB, Aug. 24, 2022 /CNW/ – Artis Actual Property Funding Accept as true with (“Artis” or the “REIT”) (TSX: AX.UN) (TSX: AX.PR.A) introduced nowadays that it has delivered formal understand to the registered holder(s) of its Most well-liked Devices, Collection A (the “Collection A Devices”) that, on September 30, 2022, the REIT will redeem the entire 3,248,300 exceptional Collection A Devices at a value of $25.353875 (the “Redemption Value”) for every Collection A Unit, being $25.00 plus $0.353875 in amassed and unpaid distributions thereon as much as however apart from September 30, 2022, much less any taxes required to be deducted and withheld by way of Artis.

After September 30, 2022, the Collection A Devices will stop to be entitled to distributions and the one ultimate rights of holders of such devices can be to obtain cost of the redemption quantity.

Artis is a different Canadian actual property funding accept as true with with a portfolio of commercial, place of work and retail homes in Canada and the USA. Artis’ imaginative and prescient is to construct a best-in-class asset control and funding platform excited by rising internet asset worth according to unit and distributions for traders via worth making an investment in actual property.

The Toronto Inventory Change has now not reviewed and does now not settle for duty for the adequacy or accuracy of this press liberate.

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SOURCE Artis Actual Property Funding Accept as true with

For additional knowledge: Mr. Samir Manji, President and Leader Govt Officer, Ms. Jaclyn Koenig, Leader Monetary Officer or Ms. Heather Nikkel, Vice-President – Investor Members of the family and Sustainability of the REIT at 1.204.947.1250