/NOT FOR DISTRIBUTION IN THE
"This news release constitutes a "designated news release" for the purposes of the REIT's prospectus supplement dated
As at the date hereof, and following the Consolidation there are 16,003,513 Units and 420,887 Class B LP Units issued and outstanding. Immediately prior to the Consolidation, the REIT had 92,020,251 Units and 2,420,164 Class B LP Units issued and outstanding. No fractional Units or Class B LP Units were issued in connection with the Consolidation and no cash will be paid in lieu of fractional post-consolidation Units or Class B LP Units. In the event that a registered unitholder would otherwise be entitled to receive a fractional Unit or Class B LP Unit upon the Consolidation, such fraction was rounded down to the nearest whole number.
A letter of transmittal has been mailed to registered unitholders. The letter of transmittal contains instructions on how registered unitholders can exchange their unit certificates evidencing their pre-Consolidation Units and Class B LP Units for new certificates representing the number of post-Consolidation Units and Class B LP Units to which they are entitled.
Beneficial unitholders holding their Units or Class B LP Units through a brokerage may be subject to different procedures for obtaining their post-Consolidation Units or Class B LP Units. If unitholders have any questions in this regard, they are encouraged to contact their respective brokerage or intermediary.
The REIT is an unincorporated, open-ended real estate investment trust established under the laws of the Province of
The REIT is focused on growing its portfolio principally through acquisitions across
SOURCE
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