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Dundee Industrial Real Estate Investment Trust Closes $115.11 Million Offering-Canada Stockwatch News


Wednesday, 6 Mar 2013 08:29am EST 

Canada Stockwatch News reported that Dundee Industrial Real Estate Investment Trust has closed its previously announced equity offering of units at a price of $11 per unit. The syndicate of underwriters, led by TD Securities Inc., elected to exercise its overallotment option in full, resulting in the issuance of 10,465,000 units for total gross proceeds of $115,115,000. Dundee Industrial REIT will use the net proceeds from the offering to finance potential future acquisitions and for general trust purposes. 

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