DAX ®13.241,75+0,47%TecDAX ®2.998,92+0,73%Dow Jones28.004,89+0,80%NASDAQ 1008.315,52+0,70%


| Quelle: Dow Jones Newsw... | Lesedauer etwa 8 min. | Text vorlesen Stop Pause Fortsetzen

DGAP-News: Dream Global Real Estate Investment Trust / Key word(s):

2019-10-16 / 13:54
The issuer is solely responsible for the content of this announcement.


Global REIT" or the "REIT") *announced today that it is mailing its
Management Information Circular (the "Circular") and related voting
materials in connection with the special meeting (the "Meeting") of the
unitholders of the REIT ("Unitholders") to approve the proposed transaction
pursuant to which affiliates of real estate funds managed by The Blackstone
Group Inc. ("Blackstone") will acquire all of Dream Global REIT's
subsidiaries and assets in an all-cash transaction valued at $6.2 billion
(the "Transaction"). The purpose of the Meeting is to approve the
Transaction, which presents Unitholders with the opportunity to earn a
premium return over and above the exceptional value created since the REIT's
2011 initial public offering.

On closing of the Transaction, Unitholders will receive cash consideration
of $16.79 per unit of Dream Global REIT (the "Units"), as described in the
Circular. This represents a significant premium of 18.5% to the closing
price of the Units on the Toronto Stock Exchange ("TSX") on September 13,
2019, the last trading day prior to the announcement of the Transaction.
Assuming the Transaction is completed by December 31, 2019, the 2019
annualized total return to Unitholders will be approximately 47%.

The Transaction requires a separation of Dream Asset Management Corporation
("DAM") (a subsidiary of Dream Unlimited Corp.) from its role as external
asset manager to the REIT.

The Transaction has the unanimous support of a Special Committee of
independent trustees of the REIT (the "Special Committee"). The Board of
Trustees, after receiving the unanimous recommendation of the Special
Committee and having received advice from its financial and legal advisors,
has also unanimously, other than with respect to certain trustees who have
declared their interest and abstained from voting, determined among other
matters that the Transaction is in the best interests of the REIT and the
Unitholders and to recommend that Unitholders vote FOR the Transaction.

TD Securities Inc. and National Bank Financial Inc. ("National Bank
Financial") have each provided fairness opinions to the Board of Trustees
which each state that, as of the date of such opinions, and subject to the
scope of review, assumptions, limitations and qualifications set forth
therein, the consideration to be received by Unitholders, pursuant to the
Transaction is fair, from a financial point of view, to such Unitholders
(other than DAM and its affiliates). The Special Committee also received the
opinion of National Bank Financial which states that, as of the date
thereof, and subject to the scope of review, assumptions, limitations and
qualifications set forth therein, the aggregate amount payable in respect of
the internalization of the REIT's management is fair, from a financial point
of view, to the REIT.

The consummation of the Transaction is subject to the satisfaction of
certain customary conditions, including approval of at least 66 2/3% of the
votes cast by Unitholders at the Meeting and a majority of the votes cast at
the Meeting by Unitholders other than DAM and other related parties, and
certain regulatory approvals. On September 23, 2019, the Commissioner of
Competition issued an Advance Ruling Certificate in respect of the
Transaction, thereby satisfying the requirement to obtain Competition Act
approval, and on October 8, 2019, the TSX confirmed acceptance of the notice
of the Transaction, subject to delivery by the REIT of customary
documentation at or prior to the closing.

Subject to the satisfaction or waiver of all of the conditions to the
Transaction, the Transaction is expected to close in December 2019.

A copy of the Circular is available under the REIT's profile at
www.sedar.com and on the REIT's website at www.dreamglobalreit.ca.

*How to Vote*

Each Unitholder's vote is important regardless of the number of Units owned.
Unitholders are urged to vote FOR the transaction well in advance of the
proxy voting deadline for the Meeting of 5:00 p.m. (Toronto time) on
Thursday, November 7, 2019. Unitholders who have questions or need
assistance voting their proxy should contact Kingsdale Advisors, Dream
Global REIT's proxy solicitation advisor by telephone toll free at
1-888-370-3955, collect at 1-416-867-2272 or via email at

The Meeting is scheduled to be held at 9:00 a.m. (Toronto time) on November
12, 2019 at the TMX Broadcast Centre Gallery, The Exchange Tower, 130 King
Street West, Toronto, Ontario. Unitholders of record as of the close of
business on October 2, 2019 are entitled to receive notice of and to vote at
the Meeting.

*About Dream Global REIT*

Dream Global REIT is an owner and operator of a diversified high-quality
portfolio of office and industrial properties located in key markets in
Western Europe with a focus on Germany and the Netherlands. The REIT's
in-house platform comprises over 140 local leasing, property management,
asset management and development professionals operating out of 13 offices
in Europe and North America. For more information, please visit
http://www.dreamglobalreit.ca [1].

*About Blackstone*

Blackstone is a global leader in real estate investing. Blackstone's real
estate business was founded in 1991 and has $154 billion of investor capital
under management. Blackstone is one of the largest property owners in the
world, owning and operating assets across every major geography and sector,
including logistics, multifamily and singlefamily housing, office,
hospitality and retail. Blackstone's opportunistic funds seek to acquire
well-located assets across the world. Blackstone's Core+ strategy invests in
substantially stabilized real estate globally through regional open-ended
funds focused on high quality assets and Blackstone Real Estate Income
Trust, Inc. (BREIT), a non-listed REIT that invests in U.S.
income-generating assets. Blackstone Real Estate also operates one of the
leading global real estate debt businesses, providing comprehensive
financing solutions across the capital structure and risk spectrum,
including management of Blackstone Mortgage Trust (NYSE: BXMT).

*Forward-Looking Information*

Certain statements in this news release may constitute "forward-looking
information" within the meaning of applicable Canadian securities laws (also
known as forward-looking statements). Forward-looking information involves
known and unknown risks, uncertainties and other factors, which may cause
actual results, performance or achievements or industry results, to be
materially different from any future results, performance or achievements or
industry results expressed or implied by such forward-looking information.
Forward-looking information generally can be identified by the use of terms
and phrases such as "anticipate", "believe", "could", "estimate", "expect",
"feel", "intend", "may", "plan", "predict", "project", "subject to", "will",
"would", and similar terms and phrases, including references to assumptions.
Some of the specific forward-looking statements in this news release
include, but are not limited to, statements with respect to the expected
date of completion of the Transaction and satisfaction or waiver of the
conditions to closing the Transaction. There can be no assurance that the
proposed Transaction will be completed, or that it will be completed on the
terms and conditions contemplated in this news release. The proposed
Transaction could be modified or terminated in accordance with its terms.

Forward-looking information is based on a number of key expectations and
assumptions made by the REIT including, without limitation: expectations and
assumptions concerning receipt of required approvals and the satisfaction of
other conditions to the completion of the Transaction and that the
acquisition agreement will not be amended or terminated prior to the
completion of the Transaction. Although the forward-looking information
contained in this news release is based on what the REIT's management
believes to be reasonable assumptions, the REIT cannot assure investors that
actual results will be consistent with such information.

Forward-looking information is provided for the purpose of presenting
information about management's current expectations and plans relating to
the future and readers are cautioned that such statements may not be
appropriate for other purposes. Forward looking information involves
significant risks and uncertainties and should not be read as guarantees of
future performance or results as actual results may differ materially from
those expressed or implied in such forward-looking information. Those risks
and uncertainties include, among other things: the Transaction may not be
completed on the terms, or in accordance with the timing, currently
contemplated, or at all; the failure to obtain necessary Unitholder or
regulatory approvals or satisfy the conditions to closing the Transaction;
the occurrence of any event, change or other circumstance that could give
rise to the termination of the master acquisition agreement dated September
15, 2019, as amended; material adverse changes in the business or affairs of
the REIT; either party's failure to consummate the Transaction when
required; the response of business partners, tenants and competitors to the
announcement and pendency of the Transaction; the REIT having incurred

(MORE TO FOLLOW) Dow Jones Newswires

October 16, 2019 07:55 ET ( 11:55 GMT)

Das könnte Sie auch interessieren

Weitere Nachrichten

Quelle: Dow Jones Newswire Web
23:00 PTA-DD: Weng Fine Art AG: Mitteilung über Eigengeschäfte von Führungskräften gem. Art. 19 MAR WENG FINE ART AG NA O.N. 10,00 +4,17%
23:00 PTA-DD: Weng Fine Art AG: Mitteilung über Eigengeschäfte von Führungskräften gem. Art. 19 MAR WENG FINE ART AG NA O.N. 10,00 +4,17%
23:00 PTA-DD: Weng Fine Art AG: Mitteilung über Eigengeschäfte von Führungskräften gem. Art. 19 MAR WENG FINE ART AG NA O.N. 10,00 +4,17%
22:43 NACHBÖRSE (22:00)/XDAX unv. bei 13.247 Pkt - Qiagen stark gesucht EVOTEC SE INH O.N. 18,80 +0,11%
22:30 MÄRKTE USA/Dow-Jones steigt erstmals über 28.000 Punkte APPLE 240,05 +0,44%
Rubrik: Finanzmarkt
23:05 BUSINESS WIRE: C-Band Alliance reicht „Treasury Contribution Proposal“ bei der Federal Communications Commission ein
22:33 ROUNDUP/Aktien New York Schluss: Rekordrally hält an - Dow über 28 000 Punkten Dow Jones 28.004,89 +0,80%
22:26 IRW-News: Aurania Resources: Update zu Bohrungen auf Auranias Gold-Silber-Ziel Yawi AURANIA RES CAD R.S. 1,76 +11,39%
22:22 IRW-News: AMPD Ventures Inc: AMPD Ventures Inc. meldet die Lancierung des Remote Render Service von AMPD und unterzeichnet einen mehrjährigen Vertrag mit Bardel Entertainment, einem mit dem Emmy Award® ausgezeichneten Animationsstudio AMPD VENTURES INC 0,392 +4,313%
22:19 BUSINESS WIRE: QIAGEN erhält mehrere nicht verbindliche und unter Bedingungen stehende Interessensbekundungen und entscheidet, Gespräche über mögliche stra-tegische Alternativen zu führen QIAGEN NV EO -,01 36,70 +8,48%



Diese Seite empfehlenschliessen
Interessant, oder?
Teilen Sie diese Seite auf Facebook oder Twitter
Wenn Sie auf die Teilen-Buttons klicken und sich bei den Betreibern einloggen, werden Daten an den jeweiligen Betreiber übermittelt. Bitte beachten Sie die Datenschutzerklärung.
Aktuelle Umfrageschliessen
Elon Musk hat vor in der Nähe von Berlin eine Gigafabrik zu bauen. Ist das eher ein Segen für die Region und Deutschland oder eher eine Kampfansage an die deutschen Autobauer?
Jetzt abstimmen!
Alle Umfragen ansehen