Welcome!

News Feed Item

Dream Announces Successful ROI Funds' Unitholder Voting Results Approving their Reorganization Involving the Newly Formed Dream Hard Asset Alternatives Trust

TORONTO, ONTARIO -- (Marketwired) -- 06/16/14 -- This news release contains forward-looking information that is based upon assumptions and is subject to risks and uncertainties as indicated in the cautionary note contained within this press release.

Dream Unlimited Corp. (TSX: DRM) ("Dream") announced today that the unitholders of each of the publicly listed ROI funds: ROI Canadian High Income Mortgage Fund (TSX: RIH.UN); ROI Canadian Mortgage Income Fund (TSX: RIL.UN); and ROI Canadian Real Estate Fund (TSX: RIR.UN) have overwhelmingly approved the previously announced reorganization to indirectly transfer all of their respective assets, together with those of ROI Institutional Private Placement Fund and the relevant underlying reference funds (all such funds collectively, the "ROI Funds"), to the newly formed Dream Hard Asset Alternatives Trust ("Dream Alternatives"). Across the three publicly listed ROI funds, unitholder approval averaged approximately 99% and there was participation from an average of 59% of unitholders in the vote.

As previously disclosed, Dream and Return On Innovation Advisors Ltd. have agreed to complete a reorganization of the ROI Funds, pursuant to which all of the assets within the ROI Funds will be indirectly transferred to Dream Alternatives. Upon successful completion of the reorganization, expected to be on or about July 8, 2014, unitholders of the ROI Funds will receive units in Dream Alternatives, which will be managed by a subsidiary of Dream, together with a special cash distribution. It is expected that Dream Alternatives will comprise approximately $730 million in net assets upon closing and will provide its unitholders with exposure to real estate, real estate lending and infrastructure, including renewable power, and accordingly leverage Dream's asset management platform, track record and expertise in these areas.

The units of Dream Alternatives have been conditionally approved for listing by the Toronto Stock Exchange under the ticker symbol "DRA.un". Following closing, Dream Alternatives will be the fourth publicly listed entity on the TSX managed by Dream.

"We are pleased with the overwhelming support for the reorganization and creation of Dream Alternatives," commented Michael Cooper, CEO. "We are excited to bring all of Dream's expertise into the management of the Trust that is expected to deliver an initial implied cash flow yield of 4.0% per year, based on an initial unit price of $10.00, plus opportunities for growth in hard asset alternative investments."

Following the creation of Dream Alternatives, Dream expects to have approximately $14.5 billion of assets under management.

About Dream:

Dream is an innovative real estate manager and developer primarily focused on the commercial and residential sectors in Canada and Germany and renewable power in Canada. From its creation, Dream has successfully identified and executed on opportunities for the benefit of the business, shareholders and clients.

As at March 31, 2014, Dream provided asset management for over $13.5 billion of assets. Dream is the asset manager for three publicly listed REIT funds in Canada including: Dream Office REIT, Canada's largest office REIT, Dream Global REIT, Canada's largest REIT that invests only outside of Canada and Dream Industrial REIT, one of Canada's largest dedicated industrial REITs.

Dream is also the co-manager of a $345 million infrastructure fund with a focus on wind and solar Canadian renewable power projects. The total value of these projects is about $1.45 billion, including debt.

Its asset management team consists of 178 real estate professionals with backgrounds in property management, architecture, engineering, construction, finance, accounting, sales and marketing and law. The team brings experience from virtually all the major real estate organizations in Canada and has expertise in capital markets, structured finance, real estate investments and management across a broad spectrum of property types in diverse geographic markets. It carries out its own research and analysis, financial modeling, due diligence and financial planning. Dream has an established track record for being innovative and for its ability to source, structure and execute on compelling investment opportunities. Website: www.dream.ca

Forward Looking Information

This press release may contain forward-looking information within the meaning of applicable securities legislation, including statements relating to the completion of the reorganization transaction and the anticipated timeline for such completion, the anticipated implied cash flow yield for Dream Alternatives following closing and the anticipated listing of the Dream Alternatives units on the TSX following closing. 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 risks and uncertainties include, but are not limited to general and local economic and business conditions, employment levels, regulatory risks, mortgage rates and regulations, environmental risks, consumer confidence, seasonality, adverse weather conditions, reliance on key clients and personnel, competition and the satisfaction of all remaining conditions to the closing of the reorganization and the initial public offering of the Dream Alternatives units. All forward looking information in this press release speaks as of June 16, 2014. Dream does not undertake to update any such forward looking information whether as a result of new information, future events or otherwise. Additional information about these assumptions and risks and uncertainties is disclosed in filings with securities regulators filed on SEDAR (www.sedar.com).

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

Latest Stories
Artificial Intelligence has the potential to massively disrupt IoT. In his session at 18th Cloud Expo, AJ Abdallat, CEO of Beyond AI, will discuss what the five main drivers are in Artificial Intelligence that could shape the future of the Internet of Things. AJ Abdallat is CEO of Beyond AI. He has over 20 years of management experience in the fields of artificial intelligence, sensors, instruments, devices and software for telecommunications, life sciences, environmental monitoring, process...
The demand for organizations to expand their infrastructure to multiple IT environments like the cloud, on-premise, mobile, bring your own device (BYOD) and the Internet of Things (IoT) continues to grow. As this hybrid infrastructure increases, the challenge to monitor the security of these systems increases in volume and complexity. In his session at 18th Cloud Expo, Stephen Coty, Chief Security Evangelist at Alert Logic, will show how properly configured and managed security architecture can...
We’ve worked with dozens of early adopters across numerous industries and will debunk common misperceptions, which starts with understanding that many of the connected products we’ll use over the next 5 years are already products, they’re just not yet connected. With an IoT product, time-in-market provides much more essential feedback than ever before. Innovation comes from what you do with the data that the connected product provides in order to enhance the customer experience and optimize busi...
Unless you don’t use the internet, don’t live in California, or haven’t been paying attention to the recent news… you should be aware that self-driving cars are on their way to becoming a reality. I have seen them – they are real. If you believe in the future reality of self-driving cars, then continue reading on. If you don’t believe in the future possibilities, then I am not sure what to do to convince you other than discuss the very real changes that will roll out with the consumer producti...
A critical component of any IoT project is the back-end systems that capture data from remote IoT devices and structure it in a way to answer useful questions. Traditional data warehouse and analytical systems are mature technologies that can be used to handle large data sets, but they are not well suited to many IoT-scale products and the need for real-time insights. At Fuze, we have developed a backend platform as part of our mobility-oriented cloud service that uses Big Data-based approache...
See storage differently! Storage performance problems have only gotten worse and harder to solve as applications have become largely virtualized and moved to a cloud-based infrastructure. Storage performance in a virtualized environment is not just about IOPS, it is about how well that potential performance is guaranteed to individual VMs for these apps as the number of VMs keep going up real time. In his session at 18th Cloud Expo, Dhiraj Sehgal, in product and marketing at Tintri, will discu...
The increasing popularity of the Internet of Things necessitates that our physical and cognitive relationship with wearable technology will change rapidly in the near future. This advent means logging has become a thing of the past. Before, it was on us to track our own data, but now that data is automatically available. What does this mean for mHealth and the "connected" body? In her session at @ThingsExpo, Lisa Calkins, CEO and co-founder of Amadeus Consulting, will discuss the impact of wea...
Many private cloud projects were built to deliver self-service access to development and test resources. While those clouds delivered faster access to resources, they lacked visibility, control and security needed for production deployments. In their session at 18th Cloud Expo, Steve Anderson, Product Manager at BMC Software, and Rick Lefort, Principal Technical Marketing Consultant at BMC Software, will discuss how a cloud designed for production operations not only helps accelerate developer...
SYS-CON Events announced today that Enzu, a leading provider of cloud hosting solutions, will exhibit at SYS-CON's 18th International Cloud Expo®, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. Enzu’s mission is to be the leading provider of enterprise cloud solutions worldwide. Enzu enables online businesses to use its IT infrastructure to their competitive advantage. By offering a suite of proven hosting and management services, Enzu wants companies to foc...
SYS-CON Events announced today that Ericsson has been named “Gold Sponsor” of SYS-CON's @ThingsExpo, which will take place on June 7-9, 2016, at the Javits Center in New York, New York. Ericsson is a world leader in the rapidly changing environment of communications technology – providing equipment, software and services to enable transformation through mobility. Some 40 percent of global mobile traffic runs through networks we have supplied. More than 1 billion subscribers around the world re...
As the rapid adoption of containers continues, companies are finding that they lack the operational tools to understand the behavior of applications deployed in these containers, and how to identify issues in their application infrastructure. For example, how are multiple containers within an application impacting each other’s performance? If an application’s service is degraded, which container is to blame? In the case of an application outage, what was the root cause of the outage?
SYS-CON Events announced today that Peak 10, Inc., a national IT infrastructure and cloud services provider, will exhibit at SYS-CON's 18th International Cloud Expo®, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. Peak 10 provides reliable, tailored data center and network services, cloud and managed services. Its solutions are designed to scale and adapt to customers’ changing business needs, enabling them to lower costs, improve performance and focus inter...
The IoTs will challenge the status quo of how IT and development organizations operate. Or will it? Certainly the fog layer of IoT requires special insights about data ontology, security and transactional integrity. But the developmental challenges are the same: People, Process and Platform. In his session at @ThingsExpo, Craig Sproule, CEO of Metavine, will demonstrate how to move beyond today's coding paradigm and share the must-have mindsets for removing complexity from the development proc...
In his session at @ThingsExpo, Chris Klein, CEO and Co-founder of Rachio, will discuss next generation communities that are using IoT to create more sustainable, intelligent communities. One example is Sterling Ranch, a 10,000 home development that – with the help of Siemens – will integrate IoT technology into the community to provide residents with energy and water savings as well as intelligent security. Everything from stop lights to sprinkler systems to building infrastructures will run ef...
We're entering the post-smartphone era, where wearable gadgets from watches and fitness bands to glasses and health aids will power the next technological revolution. With mass adoption of wearable devices comes a new data ecosystem that must be protected. Wearables open new pathways that facilitate the tracking, sharing and storing of consumers’ personal health, location and daily activity data. Consumers have some idea of the data these devices capture, but most don’t realize how revealing and...