TORONTO–(BUSINESS WIRE)–DREAM UNLIMITED CORP. (TSX:DRM) (“Dream”) today announced that Dream and its joint actors have sold an aggregate of 7,608,897 REIT Units, Series A (“Units”) of Dream Office REIT (TSX: D.UN) (“Dream Office”) at a price of $15.50 per Unit (the “Purchase Price”) pursuant to Dream Office’s substantial issuer bid to purchase for cancellation up to 12,500,000 of its outstanding Units at the Purchase Price (the “Offer”), resulting in aggregate cash proceeds to Dream and its joint actors of $117,937.903.50.

Earlier today, Dream Office announced the final results of the Offer. Holders of LP Class B Units, Series 1 (“Exchangeable Units”) of Dream Office LP, a subsidiary of Dream Office, were permitted to participate in the Offer by tendering their Exchangeable Units on an as-exchanged basis. The Exchangeable Units are indirectly exchangeable on a one-for-one basis for Units (and are accompanied by an equivalent number of Special Trust Units of Dream Office entitling the holder to one vote for each Special Trust Unit at meetings of unitholders of Dream Office).

Prior to the completion of the Offer, Dream and its joint actors had beneficial ownership of, or control or direction over 14,722,387 Units and 5,233,823 Exchangeable Units, representing approximately 39.63% of the issued and outstanding Units on a fully exchanged basis (assuming the exchange of all outstanding Exchangeable Units that are exchangeable into Units) prior to completion of the Offer. Immediately following the completion of the Offer, Dream and its joint actors own, or have control or direction over, an aggregate of 7,113,490 Units and 5,233,823 Exchangeable Units, representing approximately 32.62% of the issued and outstanding Units on a fully exchanged basis (assuming the exchange of all outstanding Exchangeable Units that are exchangeable into Units) following completion of the Offer.

Dream and its joint actors disposed of their Units pursuant to the Offer for investment purposes. Dream and its joint actors intend to evaluate their investments in Units on a continuing basis and either may acquire Units or decrease their holdings of Units in the future. Dream is indirectly controlled by Mr. Michael Cooper, President and Chief Responsible Officer of Dream. Dream provides strategic advice to Dream Office pursuant to a management services agreement. Mr. Cooper also serves as the Chief Executive Officer and Chair of the Board of Trustees of Dream Office. Mr. Cooper and Dream have no current intention relating to their investment in Dream Office, but depending on market conditions, general economic and industry conditions, Dream Office’s business and financial condition and/or other relevant factors, may in the future form an intention, with respect to one or more of the transactions or matters referred to above.

This press release is being issued pursuant to the requirements of National Instrument 62-103 – The Early Warning System and Related Take-Over Bid and Insider Reporting Issues (“NI 62-103”) of the Canadian Securities Administrators. A copy of the report to be filed by Dream in connection with the transactions described herein will be available on Dream Office’s SEDAR profile at www.sedar.com, and can also be obtained by contacting Mr. Robert Hughes, General Counsel, Dream Unlimited Corp. at 416-365-3535.

Dream and Dream Office’s head office is located at Suite 301, State Street Financial Centre, 30 Adelaide Street East, Toronto, Ontario M5C 3H1.

About Dream Unlimited

Dream is a leading developer of exceptional office and residential assets in Toronto, owns stabilized income generating assets in both Canada and the U.S., and has an established and successful asset management business, inclusive of $24 billion of assets under management across four Toronto Stock Exchange listed trusts, our private asset management business and numerous partnerships. We also develop land and residential assets in Western Canada. Dream expects to generate more recurring income in the future as its urban development properties are completed and held for the long term. Dream has a proven track record for being innovative and for our ability to source, structure and execute on compelling investment opportunities.

Forward-Looking Information

This press release may contain forward-looking information within the meaning of applicable securities legislation, including, but not limited to, statements regarding Dream and its joint actors’ investment intentions with respect to Dream Office and the acquisition or disposition of Units by Dream and its joint actors in the future. Forward-looking information is based on a number of assumptions and is subject to a number of risks and uncertainties, many of which are beyond Dream’s control, which could cause actual results to differ materially from those that are disclosed in or implied by such forward-looking information. These assumptions include, but are not limited to: the nature of development lands held and the development potential of such lands, interest rates and inflation remaining in line with management expectations, our ability to bring new developments to market, anticipated positive general economic and business conditions, including low unemployment and interest rates, positive net migration, oil and gas commodity prices, our business strategy, including geographic focus, anticipated sales volumes, performance of our underlying business segments and conditions in the Western Canada land and housing markets. Risks and uncertainties include, but are not limited to, general and local economic and business conditions, the impact of the COVID-19 pandemic on Dream and uncertainties surrounding the COVID-19 pandemic, including government measures to contain the COVID-19 pandemic employment levels, risks associated with unexpected or ongoing geopolitical events, including disputes between nations, terrorism or other acts of violence, international sanctions and the disruption of movement of goods and services across jurisdictions, inflation or stagflation, regulatory risks, mortgage and interest rates and regulations, risks related to a potential economic slowdown in certain of the jurisdictions in which we operate and the effect inflation and any such economic slowdown may have on market conditions and lease rates, environmental risks, consumer confidence, seasonality, adverse weather conditions, reliance on key clients and personnel and competition. All forward-looking information in this press release speaks as of June 22, 2023. Dream does not undertake to update any such forward-looking information whether as a result of new information, future events or otherwise, except as required by law. Additional information about these assumptions and risks and uncertainties is disclosed in filings with securities regulators filed on SEDAR (www.sedar.com).

Contacts

For further information, please contact:

Dream Unlimited Corp.

Deb Starkman

Chief Financial Officer

(416) 365-4124

dstarkman@dream.ca

Kim Lefever

Director, Investor Relations

(416) 365-6339

klefever@dream.ca

The company doubles down on its commitment to exceptional client experiences with organizational alignment around new people, processes and technologies

CARY, N.C.–(BUSINESS WIRE)–e-Emphasys Technologies Inc., a global enterprise software provider for the heavy equipment and industrial machinery industry, today announced a series of new investments to bolster ongoing customer advocacy, engagement and training to maximize ROI. In addition to recently naming Marc Tedeschi as Vice President of Customer Success, the company has added other new team members with decades of industry expertise to the department. e-Emphasys also has adopted a brand-centric strategy to build dealer communities and deployed new customer service and project management tools for best practices in meeting client needs.

“We exist to support our clients in helping to literally build and deliver tangible value across the globe, so we want to invest in the best people, processes and technologies to remove friction and support their success,” said Jeff Hart, President and CEO of e-Emphasys. “A one-size-fits-all approach doesn’t work in customer service and support because each client has its own benchmark for success. We’re dedicated to helping every client be more efficient and profitable by providing the right technology and associated services to remove their pain points and be prepared to address both future challenges and opportunities.”

e-Emphasys has made the following investments to ensure client success:

• Addition of new team members with decades of dealership and technology experience, bringing the global Customer Success team to nearly 20. Another 90 associates provide customer service and support from global support centers, with the primary one located in its Cary headquarters.
• Expansion of dealer community groups with a tailored approach to OEM/equipment brand dealerships that promotes best practices and deeper product adoption and optimized use.
• The launch of new software that provides an overall health score for each client, so team members have real-time insight into each engagement and receive actionable alerts to address needs quickly.
• Implementation of a new CRM system for information about client satisfaction, product design, user experience and functionality improvements.

“Whenever we engage with a new or existing customer, we work to understand what each of their finish lines looks like, and most important, we know how to get them across smoothly,” said Tedeschi. “Greater access to our own critical data intelligence shows us ways to improve each unique customer experience. New tools and opportunities to meaningfully engage will strengthen every client relationship, so we’re always viewed as a trusted partner in realizing their key objectives.”

Now with two industry-leading software suites supporting more than 4,200 rooftops, e-Emphasys will host individual user conferences to best serve each customer base. The Evolve User Conference for those with e-Emphasys ERP will be held Sept. 11-14 in Nashville, Tenn. The IntelliDealer user conference will be held in early 2024 and will be announced once the dates and location are confirmed. These events are opportunities for clients to discuss the state of the industry and specific vertical concerns, learn from their peers, gain knowledge about best practices, and see how to maximize use of their systems to produce the desired business results.

About e-Emphasys Technologies

e-Emphasys Technologies Inc. is a global provider of enterprise software for the heavy equipment and industrial machinery industry. Our market-leading solutions, e-Emphasys ERP and IntelliDealer, offer dealerships and rental companies across agriculture, construction, heavy truck and material handling modern information technology to optimize their business operations. Designed to meet the needs of these specific clients, our software platforms increase efficiency, customer satisfaction and profitability. We’re proud to deliver innovations that ultimately equip the world to run every day. Learn more at www.e-emphasys.com or follow us on LinkedIn.

Contacts

Media Contact:
Lisa Williams

press@e-emhasys.com
+1 339. 788. 0067

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

OTTAWA, Ontario–(BUSINESS WIRE)–InterRent Real Estate Investment Trust (TSX-IIP.UN) (“InterRent”) announced today that its distribution declared for the month of June 2023 is $0.0300 per Trust unit, equal to $0.3600 per Trust unit on an annualized basis. Payment will be made on or about July 17, 2023, to unitholders of record on June 30, 2023.

About InterRent

InterRent REIT is a growth-oriented real estate investment trust engaged in increasing Unitholder value and creating a growing and sustainable distribution through the acquisition and ownership of multi-residential properties.

InterRent’s strategy is to expand its portfolio primarily within markets that have exhibited stable market vacancies, sufficient suites available to attain the critical mass necessary to implement an efficient portfolio management structure, and offer opportunities for accretive acquisitions.

InterRent’s primary objectives are to use the proven industry experience of the Trustees, Management and Operational Team to: (i) to grow both funds from operations per Unit and net asset value per Unit through investments in a diversified portfolio of multi-residential properties; (ii) to provide Unitholders with sustainable and growing cash distributions, payable monthly; and (iii) to maintain a conservative payout ratio and balance sheet.

The Toronto Stock Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

Contacts

Investor Relations

investorinfo@interrentreit.com
www.interrentreit.com

VANCOUVER, British Columbia–(BUSINESS WIRE)–Global construction consultancy firm Linesight today announced the official opening of its Vancouver office to support its growing client base in the region in key sectors including data centers, life sciences, high-tech industrial and manufacturing.

Linesight is an industry leader in the delivery of construction consultancy services to data centers, and has completed more than 408 projects in 30 countries across six continents, valued at more than $76 billion globally. Data center providers the world over engage with Linesight because of its deep knowledge and expertise in the sector. Linesight is currently supporting a number of significant data center projects in the region and advising on a revolutionary carbon-neutral distillery project in Ontario.

“It was essential for us to have a hub for multi-sectoral work in Canada to support our extensive business growth in this region, and Vancouver offered everything we needed in terms of location, talent pool, and infrastructure,” said Padraig Leahy, Director at Linesight.

Linesight’s expansion is timely with a general positive outlook for the construction sector in Canada. Forecasts indicate that the Canadian industrial construction sector will grow by 14.9% in 2023. As the national government works to establish Canada as an industrial hub, investment in and permits for construction have been on the rise. Investors and policy leaders have also contributed to expected growth in life sciences construction.

The Vancouver office will be headed up by Jonathan Scully-Lane, an experienced leader with deep sectoral experience. Jonathan has previously held roles as a Quantity Surveyor, Commercial Manager, Contracts Manager, and Cost Manager, with expertise in cost planning, cost reporting, and procurement.

“I’m excited to move back to Vancouver, where I previously made my home for five years. My family loves this city and our team in British Columbia is ready to spearhead the Linesight push into Canada. I’m looking forward to building on the relationships established from my previous time in Vancouver to further Linesight’s position as a global leader,” said Scully-Lane.

About Linesight

Linesight is a multinational consultancy firm with over 45 years’ experience, providing cost, schedule, program, and project management services to a multitude of sectors including Life Sciences, Commercial, Data Centers, High-Tech Industrial, Residential, Hospitality, Healthcare, and Retail. Linesight’s specialist project teams, each with specific skills and experience, provide faster project delivery, greater cost efficiency, and maximum value for money for their clients. For further information, please visit http://www.linesight.com.

Contacts

For Linesight
Cameron Thomas

Media Relations on behalf of Linesight Americas

(416) 660-9801

cameron@verbfactory.com