TORONTO, ONTARIO--(CCNMatthews - April 28, 2006) - DUNDEE REIT (TSX:D.UN) today announced the closing of the issuance of an additional 320,000 REIT Units, Series A (the "Units") for gross proceeds of $8,880,000. 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 2,200,000 Units on April 7, 2006. The exercise of the over-allotment option increases the total gross proceeds of the offering to $69,930,000.
The units being offered have not been and will not be registered under the United States Securities Act of 1933 and accordingly will 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 in limited circumstances.
Dundee REIT is an unincorporated, open-ended real estate investment trust. We provide high quality, affordable business premises. We focus on owning, acquiring, leasing and managing mid-sized urban and suburban office and industrial properties in Canada. Our diversified portfolio consists of approximately 16.4 million square feet of gross leasable area, located primarily in our target markets of Toronto, Ottawa, Montreal, Calgary and Edmonton. Our portfolio is well diversified by asset type, geographic location and tenant mix. For more information, please visit www.dundeereit.com.
FOR FURTHER INFORMATION PLEASE CONTACT:
DUNDEE REAL ESTATE INVESTMENT TRUST
Michael J. Cooper
Vice Chairman and Chief Executive Officer
(416) 365-5145
mcooper@dundeereit.com
DUNDEE REAL ESTATE INVESTMENT TRUST
J. Michael Knowlton
President and Chief Operating Officer
(416) 365-2325
mknowlton@dundeereit.com
DUNDEE REAL ESTATE INVESTMENT TRUST
Mario Barrafato
Senior Vice President and Chief Financial Officer
(416) 365-4132
mbarrafato@dundeereit.com
