Dundee REIT
TSX : D.UN

Dundee REIT

September 29, 2009 09:31 ET

Dundee REIT Completes Over-Allotment Option

TORONTO, ONTARIO--(Marketwire - Sept. 29, 2009) - 

NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE U.S.

DUNDEE REIT (TSX:D.UN)
announced today the closing of the issuance of an additional 502,500 REIT Units, Series A ("Units") for gross proceeds of $9,220,875. The issuance was pursuant to the exercise by the underwriters of their over-allotment option with respect to Dundee REIT's recently completed offering of 3,350,000 Units on September 9, 2009. The exercise of the over-allotment option increases the total gross proceeds of the offering to $70,693,375.

The units being offered have not been and will not be registered under the United States Securities Act of 1933 and accordingly are not being offered for sale and may not be offered, sold or delivered, directly or indirectly within the United States, its possessions and other areas subject to its jurisdiction or to, or for the account or for the benefit of a U.S. person, except pursuant to an exemption from the registration requirements of that Act.

Dundee REIT is an unincorporated, open-ended real estate investment trust and provides high quality, affordable business premises. It is focused on owning, acquiring, leasing and managing mid-sized urban and suburban office and industrial properties in Canada. Dundee REIT's portfolio currently consists of approximately 6.8 million square feet of gross leasable area, located primarily in Western Canada. Dundee REIT's portfolio is well diversified by geographic location and tenant mix. For more information, please visit www.dundeereit.com.

Contact Information

  • Dundee Real Estate Investment Trust
    Michael J. Cooper
    Vice Chairman and Chief Executive Officer
    (416) 365-5145
    mcooper@dundeereit.com
    or
    Dundee Real Estate Investment Trust
    J. Michael Knowlton
    President and Chief Operating Officer
    (416) 365-2325
    mknowlton@dundeereit.com
    or
    Dundee Real Estate Investment Trust
    Mario Barrafato
    Senior Vice-President and Chief Financial Officer
    (416) 365-4132
    mbarrafato@dundeereit.com