Drimmer and Cardy buying at True North Comm. REIT (TNT)

Drimmer and Cardy buying at True North Comm. REIT (T:TNT)

Daniel Drimmer, CEO, Director and 10% Holder, acquired 78,500 Trust Units on an indirect ownership basis for registered holder D.D. Acquisitions Partnership at a price of $6.370 through a prospectus or prospectus exempt offering on March 1st, 2018. This represents a $500,045 investment into the company's shares and an account share holdings change of 2.0%.

In addition, Roland Cardy, a Director, acquired 5,000 Trust Units on an indirect ownership basis for registered holder 184124 Ontario Inc, 5,000 Trust Units on an indirect ownership basis for registered holder Gorbay Properties Limited and 5,000 Trust Units on a control or direction basis for registered holder Alice Elizabeth Cardy Trust on the same terms. This represents a $95,550 investment into the company's shares and an account share holdings change of 25.0%.

True North Comm. REIT is in the Commercial REITs Sub Industry Group under the Financials Sector.

True North Commercial REIT is a Canada-based unincorporated, open-ended real estate investment trust. The Company owns approximately 25 commercial properties located in Alberta, Ontario and New Brunswick. The properties consists of approximately 98% office and over 2% industrial space, representing an aggregate of approximately 1,444,100 square feet of gross leasable area. The Company is focused on growing its portfolio principally through acquisitions across Canada and such other jurisdictions where opportunities exist. It holds interest in investment property and other assets and liabilities related to the property in True North Commercial Limited Partnership (TNCLP), which is owned by the REIT. All of the REIT's properties are investment properties. Its properties include 855 8th Avenue SW, 13140 St. Albert Trail, 251 Arvin Avenue, 777 Brock Road, 400 Carlingview Drive, 500 Beaverbrook Court, 295 Belliveau Avenue, 410 King George Highway and 551 King Street.