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Dream Industrial REIT Renews Normal Course Issuer Bid and Automatic Securities Purchase Plan

By The Northwire Desk — AI Analysis Mar 06, 2026 · 07:45 DIR · 12.88

DIR · Price

Dream Industrial REIT announced that the TSX has accepted its notice of intention to commence a new normal‑course issuer bid (NCIB) allowing the Trust to repurchase up to 28,272,244 Units (≈10% of public float).
The bid will run from March 10 2026 until March 9 2027 (or earlier if the maximum is reached), with daily purchase limits of 127,854 Units.
To facilitate purchases during blackout periods, the Trust has established an automatic securities purchase plan pre‑cleared by the TSX, which will terminate on March 9 2027.

Maximum Repurchase: Up to 28,272,244 Units (≈10% of public float as of Feb 28 2026).
Bid Period: Commences March 10 2026; ends the earlier of March 9 2027 or when the maximum number of Units is purchased.
Daily Purchase Limit: 127,854 Units (25% of average daily volume of 511,416 Units over the prior six months).
Current Outstanding Units: 284,017,577 Units as of Feb 28 2026.
Existing NCIB: The Trust’s current bid for up to 27,800,995 Units expires March 9 2026; to date it has repurchased 5,551,350 Units at an average price of $12.20, totaling approximately $67.7 million.
Automatic Purchase Plan: Established with the designated broker to buy Units when normal regulatory blackout periods would otherwise prohibit purchases; plan pre‑cleared by TSX and terminates March 9 2027.
Purpose: Management believes repurchased Units will be available at attractive prices, enhancing value for unitholders through cancellation of shares.

(No direct quotes were provided in the release.)

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