Dream Office REIT Announces December 2025 Monthly Cash Distribution, Special Non-Cash Distribution and Board Changes
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This section is Partnership Content suppliedThe content in this section is supplied by Business Wire for the purposes of distributing press releases on behalf of its clients. Postmedia has not reviewed the content. by Business Wire Article contentTORONTO — DREAM OFFICE REIT (TSX: D.UN) (“Dream Office REIT” or the “Trust”) today announced its December 2025 monthly cash distribution of 8.333 cents ($1.00 annualized) per REIT Unit, Series A (“REIT A Units”). The December distribution will be payable on January 15, 2026 to unitholders of record (“Unitholders”) as at December 31, 2025.Sign In or Create an AccountEmail AddressContinueor View more offersArticle contentDream Office REIT further announced today that its board of trustees also declared a special non-cash distribution (the “Special Distribution“) of $0.50 per REIT A Unit, payable on December 31, 2025 to Unitholders of record as at December 31, 2025. There will be no cash payment in connection with the Special Distribution.
The Special Distribution will be paid and satisfied at the close of business on December 31, 2025 by the issuance of additional REIT A Units (the “Additional Units“).
The Additional Units will have a fair market value equal to the dollar amount of the Special Distribution, which will be based on the closing price of the REIT A Units on the Toronto Stock Exchange on December 31, 2025. Immediately after the payment and satisfaction of the Special Distribution with Additional Units, the issued and outstanding REIT A Units, including the Additional Units, will be consolidated such that the aggregate number of issued and outstanding REIT A Units immediately following the payment and satisfaction of the Special Distribution will not change, and each Unitholder will hold the same number of REIT A Units as such Unitholder held immediately before the Special Distribution.
The Special Distribution is principally being made to distribute to Unitholders all or a portion of the capital gain realized by Dream Office REIT from certain transactions completed during the current fiscal year. Accordingly, the entire amount of the Special Distribution must be treated as a capital gain to Unitholders for Canadian income tax purposes.Article contentWe apologize, but this video has failed to load.Try refreshing your browser, ortap here to see other videos from our team.Article contentArticle contentFor Unitholders who are residents of Canada for Canadian federal income tax purposes, the amount of the Special Distribution will increase the adjusted cost base of Unitholders’ consolidated REIT A Units. Unitholders who are not resident in Canada for Canadian federal income tax purposes may be subject to applicable withholding taxes in connection with the payment of the Special Distribution.Article contentTop StoriesGet the latest headlines, breaking news and columns.There was an error, please provide a valid email address.Sign UpBy signing up you consent to receive the above newsletter from Postmedia Network Inc.Thanks for signing up!A welcome email is on its way. If you don't see it, please check your junk folder.The next issue of Top Stories will soon be in your inbox.We encountered an issue signing you up. Please try againInterested in more newsletters? Browse here.Article contentThe foregoing comments are not intended to be, and should not be construed as, legal or tax advice to any Unitholder. Dream Office REIT recommends that Unitholders consult their own tax advisors regarding the income tax consequences to them of the Special Distribution and related consolidation.Article contentThe Trust also announced that Ms. Karine MacIndoe will be retiring from the board of trustees to focus on other ventures and commitments. Ms. MacIndoe joined Dream Office REIT in May 2015 and continued as a trustee through the execution of our strategic plan, the COVID pandemic and many other challenges and successes. The board wishes Ms. MacIndoe the very best and thanks her for her many contributions to the Trust over the years.Article contentAbout Dream Office REITArticle contentDream Office REIT is an unincorporated, open-ended real estate investment trust. Dream Office REIT is a premier office landlord in downtown Toronto with over 4.0 million square feet owned and managed. We have carefully curated an investment portfolio of high-quality assets in irreplaceable locations in one of the finest office markets in the world. For more information, please visit our website at www.dreamofficereit.ca.Article contentArticle contentArticle contentArticle contentView source version on businesswire.com: Article content https://www.businesswire.com/news/home/20251216338217/en/Article contentArticle contentContactsArticle contentFor further information, please contact:Article contentMichael J. Cooper Chairman and Chief Executive Officer (416) 365-5145 mcooper@dream.ca Article contentJay Jiang Chief Financial Officer (416) 365-6638 jjiang@dream.ca#distroArticle contentTrending 'Why let one person in the States change your life?' For Canadian snowbirds, the stay or go dilemma gets complicated Real Estate Is a $2.75 million portfolio enough for Halifax empty nesters to retire early?
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