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Newly elected dissident director buying at Granite REIT

On June 15, Granite REIT announced the election of a slate of directors that saw three incumbents step aside in favour of three nominees from dissidents FrontFour Capital Group LLC and Sandpiper Group

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Granite REIT is engaged in ownership and management of industrial, warehouse and logistics properties in North America and Europe. On June 15, it announced the election of a slate of directors that saw three incumbents step aside in favour of three nominees from dissidents FrontFour Capital Group LLC and Sandpiper Group, owners of 6.2 per cent of Granite REIT stapled units. One of those dissident directors was Ali Mawani. On June 26-27, he acquired 5,000 units for his own account at an average price of $51.92.

Disclaimer:

Ted Dixon is CEO of INK Research which provides insider news and knowledge to investors. For more background on insider reporting in Canada, visit the FAQ section at www.inkresearch.com. Securities referenced in this profile may have already appeared in recent reports distributed to INK subscribers. INK staff may also hold a position in profiled securities.

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Graph Footnote:

Chart reflects public-market transactions of common shares or unit trusts by company officers and directors.

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