Brief: Dream Unlimited Says Closed On Sale Of Indirect Interest In Renewable Power Portfolio To Potentia Renewables

DREAM Unlimited

11/06/2020 12:52

June 11 (Reuters) - DREAM Unlimited Corp  DRM.TO :
    * DREAM UNLIMITED CORP. PROVIDES BUSINESS UPDATE
    * DREAM UNLIMITED - CLOSED ON SALE OF ITS INDIRECT INTEREST
IN A
RENEWABLE POWER PORTFOLIO TO POTENTIA RENEWABLES INC
    * DREAM UNLIMITED - NEAR COMPLETION OF RE-FINANCING OF
DISTILLERY
DISTRICT, WHICH COMPRISES 395,000 SF OF COMMERCIAL AND RETAIL
GLA IN DOWNTOWN TORONTO
    * DREAM UNLIMITED - TRANSACTIONS WILL GENERATE CASH OF $130
MILLION FOR CO
    * DREAM UNLIMITED -  APPROVED COMMENCEMENT OF SERVICING OF
FIRST
PHASE OF ALPINE PARK, WITHIN PROVIDENCE, LOCATED IN SOUTH WEST
OF CALGARY
    * DREAM UNLIMITED - EXPECT INITIAL PHASES OF ALPINE PARK TO
GENERATE INCOME BETWEEN 2021 - 2026 & CASH OF ABOUT $70 MILLION
    * DREAM UNLIMITED -  GENERATED ABOUT $60 MILLION OF CASH
FROM
WESTERN CANADA IN 2020

Source text for Eikon:  ID:nGNX54sZnK 
Further company coverage:  DRM.TO 

 ((Reuters.Briefs@thomsonreuters.com;))