Canadian Real Estate Investment Trust announces C$125 million equity offering
On November 20, 2014, Canadian Real Estate Investment Trust (CREIT) closed its previously announced public equity offering of 2,934,800 units (including 382,800 units issued pursuant to the exercise in full of the over-allotment option granted to the underwriters by CREIT) at a price of C$49.00 per unit for gross proceeds of approximately C$143.8 million.
The units were qualified by a prospectus supplement dated November 13, 2014 to CREIT's short form base shelf prospectus dated June 18, 2013, and were underwritten by a syndicate of underwriters led by RBC Capital Markets.
CREIT is a real estate investment trust focused on accumulating and aggressively managing a portfolio of high-quality real estate assets and delivering the benefits of real estate ownership to unitholders.
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