The following is excerpted from the question-and-answer section of the transcript.
(Questions from industry analysts are provided in full, but answers are omitted - download the transcript to see the full question-and-answer session)
Question: Jonathan Kelcher - TD Securities Equity Research - Analyst
: First question, just on the Toronto Industrial, why was that one property dropped?
Question: Jonathan Kelcher - TD Securities Equity Research - Analyst
: Okay. Do you anticipate any issues selling that asset this year?
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AUGUST 05, 2021 / 4:00PM, AX_u.TO - Q2 2021 Artis Real Estate Investment Trust Earnings Call
Question: Jonathan Kelcher - TD Securities Equity Research - Analyst
: Okay. And you talked about having to do a special distribution. You said the amount in form still to be determined. What form could it take? What
are the different forms it could take?
Question: Jonathan Kelcher - TD Securities Equity Research - Analyst
: Okay. And then I guess my last question. You started buying securities this quarter and bought some more post quarter, but didn't say what they
were. So I'm guessing you're not going to tell me now. But what level of investment has the Board decided that unitholders should know what the
company is buying or what Artis is buying?
Question: Jonathan Kelcher - TD Securities Equity Research - Analyst
: Okay. So if -- now is Sandpiper buying alongside Artis in this investment? And is the -- in your example, if the 2 entities combined hit 10%, does
that get disclosed? Or can you both go to 9% without disclosing anything?
Question: Jonathan Kelcher - TD Securities Equity Research - Analyst
: Okay. So is Sandpiper co-investing in this investment with Artis?
Question: Jonathan Kelcher - TD Securities Equity Research - Analyst
: Okay. Is it a 50-50? Or what's the split?
Question: Jonathan Kelcher - TD Securities Equity Research - Analyst
: Okay. So you've -- between the 2 entities, you bought CAD36 million or CAD37 million worth of shares.
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