10% holder selling at SmartCentres REIT (SRU)

10% holder selling at SmartCentres REIT (T:SRU)

Mitchell Goldhar, a 10% Holder, disposed of 242,821 Class C Series 1 Boxgrove Limited Partnership Units on an indirect ownership basis for registered holder Penguin Properties Inc. at a price of $28.700 through a private transaction on August 27th, 2020. This represents a $3,460,163 net divestment of the company's shares and an account share holdings change of -30.0%.

SmartCentres REIT is in the Commercial REITs Sub Industry Group under the Financials Sector.

Smart Centres Real Estate Investment Trust (the Trust) is a Canada-based real estate investment trust. The Trust develops, leases, constructs, owns and manages shopping centers, office buildings, high-rise and low-rise condominium and rental residences, seniors' housing, town house units, and self-storage rental facilities in Canada. Its subsidiaries include Smart Limited Partnership, Smart Limited Partnership II, Smart Limited Partnership III, Smart Limited Partnership IV, Smart Oshawa South Limited Partnership, Smart Oshawa Taunton Limited Partnership, Smart Boxgrove Limited Partnership, ONR Limited Partnership and ONR Limited Partnership I. SmartCentres Real Estate Investment Trust (SRU) has below median officer and director direct ownership compared to its mid-cap peers in the market, based on our estimate using SEDI data. According to regulatory filings yesterday, one insider has divested a net amount of $3,460,163.