Brief: Minto Apartment REIT Announces Agreements To Acquire Interests In Two Urban Properties

Minto Apartment Real Estate Investment Trust

04/04/2019 20:39

April 4 (Reuters) - Minto Apartment Real Estate Investment
Trust  MI_u.TO :
    * MINTO APARTMENT REIT ANNOUNCES AGREEMENTS TO ACQUIRE
INTERESTS
IN TWO URBAN PROPERTIES FOR A CUMULATIVE PURCHASE AMOUNT OF $209
MILLION CONCURRENT WITH A $150 MILLION BOUGHT DEAL PUBLIC
OFFERING OF TRUST UNITS
    * MINTO APARTMENT REIT -  TO ISSUE 7.7 MILLION TRUST UNITS
OF REIT
FROM TREASURY ON A BOUGHT DEAL BASIS AT $19.60/UNIT TO
UNDERWRITERS
    * MINTO APARTMENT REAL ESTATE INVESTMENT TRUST - INTENDS TO
USE
NET PROCEEDS OF OFFERING TO FINANCE A PORTION OF PURCHASE PRICE
FOR ACQUISITIONS
    * MINTO APARTMENT REIT- TO USE PROCEEDS OF OFFERING TO ALSO
REPAY
AMOUNTS OUTSTANDING UNDER ITS CREDIT FACILITY INCURRED FOR
PREVIOUS ACQUISITIONS.

Source text for Eikon:  ID:nCNWBk9Wha 
Further company coverage:  MI_u.TO 

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