TORONTO, May 28, 2020 /CNW/ - European Residential Real
Estate Investment Trust ("ERES" or the "REIT") (TSX-V: ERE.UN) is
pleased to announce that it has received conditional approval from
the Toronto Stock Exchange (the "TSX") to graduate from the TSX
Venture Exchange ("TSX-V") and list its trust units (the "Units")
on the TSX.
Final approval of the TSX listing is subject to the REIT
fulfilling certain conditions required by the TSX. The REIT
expects to satisfy all of the remaining conditions and will issue a
statement once the TSX confirms the date on which trading on the
TSX will commence. The Units are expected to be listed and commence
trading on the TSX in July 2020.
Upon satisfaction of the remaining conditions, the Units will be
delisted from the TSX-V and commence trading on the TSX. The
Units will continue to trade under the stock symbol "ERE.UN".
"I'd like to thank all of our employees, investors and partners
for supporting ERES's continued maturation since inception,
including accomplishment of this significant milestone," commented
Phillip Burns, Chief Executive
Officer. "We believe that this TSX listing will further
increase ERES's trading liquidity and will open a wider and deeper
investor base in Canada and
abroad."
About European Residential Real Estate Investment
Trust
ERES is an unincorporated, open-ended real estate
investment trust. ERES's REIT Units are listed on the TSX Venture
Exchange under the symbol ERE.UN. ERES is Canada's only European-focused
multi-residential REIT, with a current initial focus on investing
in high-quality multi-residential real estate properties in
the Netherlands. ERES owns a
portfolio of 131 multi-residential properties, comprised of 5,632
suites and ancillary retail space located in the Netherlands, and owns one office property
in Germany and one office property
in Belgium.
ERES's registered and principal business office is located at 11
Church Street, Suite 401, Toronto,
Ontario M5E 1W1.
For more information please visit our website at
www.eresreit.com.
Certain statements contained in this press release constitute
forward-looking statements within the meaning of applicable
Canadian securities laws which reflect ERES's current expectations
and projections about future results, including the fulfillment and
satisfaction of the remaining conditions to listing the Units on
the TSX and the anticipated date for the listing of the Units on
the TSX. Forward-looking statements are based on a number of
assumptions and are subject to a number of risks and uncertainties,
many of which are beyond ERES's control, that could cause actual
results and events to differ materially from those that are
described or implied by such forward-looking statements. These
risks and uncertainties are more fully described in regulatory
filings, including ERES's Annual Information Form, which can be
obtained on SEDAR at www.sedar.com, under ERES's profile, as well
as under Risks and Uncertainties section of the MD&A released
on May 11, 2020. The forward-looking
statements made in this press release relate only to events or
information as of the date on which the statements are made in this
press release. Actual results and developments are likely to
differ, and may differ materially, from those expressed or implied
by the forward-looking statements contained in this press release.
Any number of factors could cause actual results to differ
materially from these forward-looking statements as well as future
results. Although ERES believes that the expectations reflected in
forward-looking statements are reasonable, it can give no
assurances that the expectations of any forward-looking statements
will prove to be correct. Such forward-looking statements are based
on a number of assumptions that may prove to be incorrect.
Accordingly, readers should not place undue reliance on
forward-looking statements.
Except as specifically required by applicable Canadian
securities law, ERES does not undertake any obligation to update or
revise publicly any forward-looking statements, whether as a result
of new information, future events or otherwise, after the date on
which the statements are made or to reflect the occurrence of
unanticipated events. These forward-looking statements should not
be relied upon as representing ERES's views as of any date
subsequent to the date of this press release.
Neither TSX Venture Exchange Inc. nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange Inc.) accepts responsibility for the adequacy or
accuracy of this release.
SOURCE European Residential Real Estate Investment Trust