DREAM Unlimited Corp.

DREAM Unlimited Corp.
Dream Hard Asset Alternatives Trust

Dream Hard Asset Alternatives Trust

July 08, 2014 08:13 ET

Dream Announces Successful Creation of Dream Hard Asset Alternatives Trust and Trading of Units on TSX

TORONTO, ONTARIO--(Marketwired - July 8, 2014) -

This news release contains forward-looking information that is based upon assumptions and is subject to risks and uncertainties as indicated in the cautionary note contained within this press release.

Dream Unlimited Corp. (TSX:DRM) ("Dream") and Dream Hard Asset Alternatives Trust (TSX: DRA.UN) ("Dream Alternatives") announced today the closing of the previously announced reorganization of the: ROI Canadian High Income Mortgage Fund (TSX:RIH.UN); ROI Canadian Mortgage Income Fund (TSX:RIL.UN); ROI Canadian Real Estate Fund (TSX:RIR.UN) and ROI Institutional Private Placement Fund, (collectively the "ROI Funds"). As part of the reorganization, all of the assets within the ROI Funds have been indirectly transferred to the newly-formed Dream Alternatives. Dream Alternatives will be managed by a subsidiary of Dream.

Dream Alternatives will begin trading on the Toronto Stock Exchange at market open on July 8, 2014 with approximately 73 million units and an opening equity book value of approximately $725 million. We expect to make monthly distributions of $0.033 per unit ($0.40 per unit on an annual basis) on the 15th of each month.

About Dream:

Dream is an innovative real estate manager and developer primarily focused on the commercial and residential sectors in Canada and Germany and renewable power in Canada. From its creation, DREAM has successfully identified and executed on opportunities for the benefit of the business, shareholders and clients.

As at July 8, 2014, Dream owns or provides asset management for approximately $14.6 billion of assets. Dream is the asset manager for four publicly listed vehicles in Canada including: Dream Office REIT, Canada's largest office REIT, Dream Global REIT, Canada's largest REIT that invests only outside of Canada, Dream Industrial REIT, one of Canada's largest dedicated industrial REITs and Dream Alternatives, a Canadian growth-oriented, diversified hard asset alternatives Trust.

DREAM is also the co-manager of a $345 million infrastructure fund with a focus on wind and solar Canadian renewable power projects. The total value of these projects is about $1.45 billion, including debt.

Its asset management team consists of 178 real estate professionals with backgrounds in property management, architecture, engineering, construction, finance, accounting, sales and marketing and law. The team brings experience from virtually all the major real estate organizations in Canada and has expertise in capital markets, structured finance, real estate investments and management across a broad spectrum of property types in diverse geographic markets. It carries out its own research and analysis, financial modeling, due diligence and financial planning. Dream has an established track record for being innovative and for its ability to source, structure and execute on compelling investment opportunities. Website: www.dream.ca

About Dream Alternatives

Dream Alternatives will provide its unitholders with exposure to real estate, real estate lending and infrastructure, including renewable power, and accordingly leverage Dream's asset management platform, track record and expertise in these areas. Website: www.dreamalternatives.ca

The objectives of Dream Alternatives are to:

  • provide an opportunity for unitholders to invest in hard asset alternative investments, including real estate, real estate loans, and infrastructure, including renewable power, managed by an experienced team with a successful track record;
  • build and maintain a growth-oriented portfolio of real estate, real estate lending and infrastructure (including renewable power) assets;
  • provide predictable and sustainable cash distributions to unitholders on a tax efficient basis; and
  • re-position and grow our assets to increase the value of our business and our distributions to unitholders over time.

Forward Looking Information

This press release may contain forward-looking information within the meaning of applicable securities legislation. Forward-looking information is based on a number of assumptions and is subject to a number of risks and uncertainties, many of which are beyond Dream's control, which could cause actual results to differ materially from those that are disclosed in or implied by such forward-looking information. These risks and uncertainties include, but are not limited to general and local economic and business conditions, employment levels, regulatory risks, mortgage rates and regulations, environmental risks, consumer confidence, seasonality, adverse weather conditions, reliance on key clients and personnel, competition and the satisfaction of all remaining conditions to the closing of the reorganization and the initial public offering of the Dream Alternatives units. All forward looking information in this press release speaks as of July 8, 2014. Dream does not undertake to update any such forward looking information whether as a result of new information, future events or otherwise. Additional information about these assumptions and risks and uncertainties is disclosed in filings with securities regulators filed on SEDAR (www.sedar.com).

Contact Information

  • Dream Unlimited Corp.
    Michael J. Cooper
    Chief Executive Officer
    (416) 365-5145

    Dream Unlimited Corp.
    Pauline Alimchandani
    Chief Financial Officer
    (416) 365-5992