This press launch comprises forward-looking data that’s based mostly upon assumptions and is topic to dangers and uncertainties as indicated within the cautionary notice contained inside this press launch.
/NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES/
TORONTO, April 5, 2022 /CNW/ – DREAM RESIDENTIAL REAL ESTATE INVESTMENT TRUST (“Dream Residential REIT” or the “REIT”) introduced right now that it has filed, and obtained a receipt for, a preliminary long-form prospectus from the securities regulatory authorities in every of the provinces in Canada in reference to the proposed preliminary public providing (the “Providing”) of items of the REIT (“Items”). The Providing is being underwritten by a syndicate of underwriters led by TD Securities Inc., along with Scotia Capital Inc., CIBC World Markets Inc., RBC Dominion Securities Inc., Nationwide Financial institution Monetary Inc., Canaccord Genuity Corp., Desjardins Capital Markets, Cormark Securities Inc., Echelon Wealth Companions Inc., iA Personal Wealth Inc., Laurentian Financial institution Securities Inc. and Raymond James Ltd.
The REIT has utilized to have its Items listed on the Toronto Inventory Change (the “TSX”) below the image “DRR.U”. Itemizing is topic to the approval of the TSX in accordance with its unique itemizing necessities. The TSX has not conditionally authorized the REIT’s itemizing utility and there’s no assurance that the TSX will approve the itemizing utility. Completion of the Providing is topic to the receipt of customary approvals, together with regulatory approvals.
The preliminary long-form prospectus continues to be topic to completion or modification. Copies of the preliminary long-form prospectus will likely be accessible on SEDAR at www.sedar.com. This press launch doesn’t represent a suggestion to promote or the solicitation of a suggestion to purchase, nor shall there be any sale or any acceptance of a suggestion to purchase these securities in any province of Canada till a receipt for the ultimate prospectus has been issued.
The securities provided haven’t been and won’t be registered below america Securities Act of 1933 (the “U.S. Securities Act”), as amended, or any state securities legal guidelines, and will not be provided, offered or delivered, straight or not directly, in america or to, or for the account or good thing about, “U.S. individuals” (as outlined in Regulation S below the U.S. Securities Act, as amended) besides pursuant to sure exemptions from the registration necessities of the U.S. Securities Act and relevant state securities legal guidelines. This press launch doesn’t represent a suggestion to promote or a solicitation of a suggestion to purchase any securities in america or to, or for the account or good thing about, U.S. individuals.
About Dream Residential REIT
Dream Residential REIT is a newly created, unincorporated, open-ended actual property funding belief established and ruled by the legal guidelines of the Province of Ontario. In reference to the Providing, the REIT will not directly purchase pursuits in an preliminary portfolio (the “Preliminary Portfolio”) of 16 garden-style multi-residential properties consisting of three,432 items primarily positioned in three markets throughout the Sunbelt and Midwest areas of america.
This press launch might comprise forward-looking data throughout the which means of relevant securities laws. Ahead-looking data usually might be recognized by way of forward-looking terminology comparable to “outlook”, “goal”, “might”, “will”, “anticipate”, “intend”, “estimate”, “anticipate”, “consider”, “ought to”, “plans”, or “proceed”, or related expressions suggesting future outcomes or occasions. A number of the particular forward-looking data on this press launch might embody, amongst different issues, statements relating to the Providing and the acquisition of the Preliminary Portfolio and the itemizing of the Items on the TSX. Ahead trying data relies on numerous assumptions and is topic to numerous dangers and uncertainties, a lot of that are past Dream Residential REIT’s management that would trigger precise outcomes to vary materially from these which can be disclosed in or implied by such forward-looking data. These dangers and uncertainties embody, however are usually not restricted to, world and native financial and enterprise circumstances; uncertainties surrounding the COVID-19 pandemic; dangers related to sudden or ongoing geopolitical occasions; dangers inherent in the actual property business; financing dangers; and curiosity and foreign money fee fluctuations. Our aims and forward-looking statements are based mostly on sure assumptions, together with that the final financial system stays secure, there are not any unexpected adjustments within the legislative and working framework for our enterprise, we may have entry to ample capital to fund our future tasks and plans and that we’ll obtain financing on acceptable phrases; rates of interest stay secure and geopolitical occasions is not going to disrupt world economies. All forward-looking data on this press launch speaks as of the date of this press launch. Dream Residential REIT doesn’t undertake to replace any such forward-looking data whether or not because of new data, future occasions or in any other case besides as required by legislation. Extra details about these assumptions and dangers and uncertainties is contained in Dream Residential REIT’s preliminary long-form prospectus, together with below the heading “Threat Elements” therein.
SOURCE Dream Residential Actual Property Funding Belief
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