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Inovalis Real Estate Investment Trust Eyes CAD105 Million From Planned Initial Public Offering-DJ


Wednesday, 13 Mar 2013 12:37pm EDT 

Dow Jones reported that Inovalis Real Estate Investment Trust plans an Initial Public Offering (IPO) of units to raise about CAD105 million ($102.3 million), according to a person familiar with the planned issue. Inovalis plans to sell about 10.5 million units at CAD10 each, which is the typical unit price for REIT IPOs in Canada. Inovalis, based in Ontario, is targeting a yield range of 7.75% to 8.25%, according to this person. Pricing is expected to take place later this month. 

Company Quote

1734.0
-221.0 -11.30%
1 Aug 2014