NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES
OR FOR DISSEMINATION IN THE UNITED STATES
FOR IMMEDIATE RELEASE
January 26, 2010
Artis Announces Closing of $58.2 Million Equity Offering
Artis Real Estate Investment Trust (TSX: AX.UN) ("Artis") announced that today it has closed its
previously announced public offering of 5,290,000 trust units ("Units"), including the exercise in full of
an over-allotment option for 690,000 Units, at a price of $11.00 per Unit for gross proceeds to Artis of
$58,190,000 (the "Financing"). The Financing was completed through a syndicate of underwriters led
by Canaccord Adams and CIBC World Markets Inc., as co-lead underwriters, and including National
Bank Financial Inc., Scotia Capital Inc., BMO Nesbitt Burns Inc., RBC Dominion Securities Inc.,
Macquarie Capital Markets Canada Ltd. and Brookfield Financial Corp. (the “Underwriters”).
Artis intends to use the net proceeds from the Financing to fund future acquisitions and for general
working capital purposes.
The Units have not been registered under the US. Securities Act of 1933, as amended, and may not
be offered or sold in the United States absent registration or an applicable exemption from the
registration requirement. This press release shall not constitute an offer to sell or the solicitation of an
offer to buy nor shall there be any sale of the securities in any state in which such offer, solicitation or
sale would be unlawful.
This press release contains forward looking statements. For this purpose, any statements contained
herein that are not statements of historical fact may be deemed to be forward looking statements.
Without limiting the foregoing, the words “expects”, “anticipates”, “intends”, “estimates”, “projects”,
and similar expressions are intended to identify forward looking statements. Artis is subject to
significant risks and uncertainties which may cause the actual results, performance or achievements
of the REIT to be materially different fro