The Financial Post reports in its Wednesday, Feb. 21, edition that Dream Office REIT has cut its distribution in the face of continuing challenges. The Post's Shantae Campbell writes that despite hanging on for longer than many of its peers, Dream Office REIT was finally forced to cut its dividend last week. In its Feb. 15 fourth quarter earnings report, Dream Office said it would be reducing its distribution to unitholders by 50 per cent. It said the move would come into effect when it conducts a scheduled one-for-two share consolidation later this month. According to the company, Dream Office's occupancy rate is at 82 per cent, down from 90 per cent just before the start of the pandemic. The company's board of directors said the move will strengthen the trust's finances by adding $19-million to its reserves each year. Shareholders punished the company, sending shares down more than 11 per cent on Friday trading. As of Tuesday, the shares were trading at $8.15, down about 50 per cent from their level one year ago.