MicroStation 08.11.09.357 Why does saving DWG to DGN move dim text outside dim lines

When I save from DWG to DGN it moves the text outside the dim lines.

I’m unclear if this is a textstyle issue or dim style issue (since dim styles get their text from textstyles).

 

Opening the DWG in V8i (08.11.09.357) shows this (correct)

 

 

When I do File-SaveAs V8 format (incorrect)