Minto Apartment REIT Files Final Base Shelf Prospectus
OTTAWA, Dec. 21, 2018 /CNW/ - Minto Apartment Real Estate Investment Trust (the "REIT") (TSX: MI.UN) today announced that it has filed and obtained a receipt for its final short form base shelf prospectus (the "Prospectus").The Prospectus was filed with the securities regulatory authorities in each of the provinces and territories of Canada. The Prospectus is valid for a 25 month period, during which time the REIT may issue trust units, debt securities and subscription receipts, and to qualify the sale of any trust units by Minto Properties Inc. and its affiliates, in amounts, at prices and on terms based on market conditions at the time of sale and set forth in an accompanying prospectus supplement, for an aggregate offering amount of up to $750,000,000.
This news release does not constitute an offer to sell or the solicitation of an offer to buy securities in the United States or in any jurisdiction where the offer, sale or solicitation would be unlawful. The securities referred to in this press release may not be offered or sold in the United States absent registration or an applicable exemption from registration. A copy of the Prospectus can be found on SEDAR at www.sedar.com.
About Minto Apartment Real Estate Investment Trust
Minto Apartment Real Estate Investment Trust is an unincorporated, open-ended real estate investment trust established pursuant to a declaration of trust under the laws of the Province of Ontario to own income-producing multi-residential properties located in urban markets in Canada. The REIT owns a portfolio of high-quality income-producing multi-residential rental properties located in Toronto, Ottawa, Calgary and Edmonton. For more information on Minto Apartment REIT, please visit the REIT's website at: www.mintoapartments.com/.
This news release may contain forward-looking information within the meaning of applicable securities legislation, which reflects the REIT's current expectations regarding future events and in some cases can be identified by such terms as "will", "may" and "expected". Forward-looking information is based on a number of assumptions and is subject to a number of risks and uncertainties, many of which are beyond the REIT's control that could cause actual results and events to differ materially from those that are disclosed in or implied by such forward-looking information. Such risks and uncertainties include, but are not limited to, risks related to the offering or sale of securities pursuant to the Prospectus, and the factors discussed under "Risk Factors" in the Prospectus. Information contained in forward-looking statements is based upon certain material assumptions, including the Canadian capital markets will provide the REIT with access to equity and/or debt at reasonable rates when required and that conditions within the real estate market, including competition for acquisitions, will be consistent with the current climate. While management considers these assumptions to be reasonable based on currently available information, they may prove to be incorrect. The REIT does not undertake any obligation to update such forward-looking information, whether as a result of new information, future events or otherwise, except as expressly required by applicable law. This forward-looking information speaks only as of the date of this news release.
SOURCE Minto Apartment Real Estate Investment Trust