Provider: Thomson Reuters Stock Report
Pure Multi-Family REIT LP: Business description, financial summary, 3yr and interim financials, key statistics/ratios and historical ratio analysis.
Provider: Reuters Investment Profile
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Pure Multi-Family REIT LP Completes $50 Million Initial Public Offering
Pure Multi-Family REIT LP (the REIT LP) announced that it has completed its initial public offering (the Offering). Pursuant to the Offering, the REIT LP issued 10,000,000 class A limited partnership units (Units) at a price of $5.00 per Unit, for total gross proceeds of $50,000,000. In addition, the REIT LP announced that the Units, which were listed for trading on the TSX Venture Exchange (TSX-V) on July 9, 2012 under the symbol RUF.U, commenced trading at the opening of business. The Units were offered through a syndicate of agents led by Dundee Securities Ltd. and Canaccord Genuity Corp., and including National Bank Financial Inc., Raymond James Ltd., Scotia Capital Inc., GMP Securities L.P., Desjardins Securities Inc., HSBC Securities (Canada) Inc., Macquarie Capital Markets Canada Ltd., Sora Group Wealth Advisors Inc. and Union Securities Ltd. (collectively, the Agents). The REIT LP paid the Agents a fee equal to 6% of the gross proceeds of the Offering. The REIT LP has granted the Agents an over-allotment option to purchase up to an additional 1,500,000 Units at a price of $5.00 for a period of up to 30 days after the closing of the Offering. If the over-allotment option is exercised in full, the total gross proceeds to the REIT LP will increase to $57,500,000.
Latest Developments for Pure Multi-Family REIT LP
- Pure Multi-Family REIT LP Announces Passing Of Co-Founder And Chairman
- Pure Multi-Family REIT LP Announces Closing Of Previously Announced $35 Million Financing
- Pure Multi-Family REIT LP Announces USD45.4 Million Property Acquisition; USD35 Million Equity Offering
- Pure Multi-Family REIT LP Announces August Distribution
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