OTC Markets Group Welcomes Dream Residential Real Estate Investment Trust to OTCQX
October 18 2022 - 6:00AM
OTC Markets Group Inc. (OTCQX: OTCM), operator of regulated markets
for 12,000 U.S. and international securities, today announced Dream
Residential Real Estate Investment Trust (TSX: DRR.U; OTCQX:
DRREF), a newly created, unincorporated, open-ended real estate
investment trust with an investment portfolio comprising 16
garden-style properties located in three attractive markets across
the Sunbelt and Midwest regions in the United States, has qualified
to trade on the OTCQX® Best Market. Dream Residential Real Estate
Investment Trust upgraded to OTCQX from the Pink® market.
Dream Residential Real Estate Investment Trust begins trading
today on OTCQX under the symbol “DRREF.” U.S. investors can find
current financial disclosure and Real-Time Level 2 quotes for the
company on www.otcmarkets.com.
Upgrading to the OTCQX Market is an important step for companies
seeking to provide transparent trading for their U.S. investors.
For companies listed on a qualified international exchange,
streamlined market standards enable them to utilize their home
market reporting to make their information available in the U.S. To
qualify for OTCQX, companies must meet high financial standards,
follow best practice corporate governance and demonstrate
compliance with applicable securities laws.
“We are pleased to begin trading on the OTCQX Market,” said Jane
Gavan, Chief Executive Officer of Dream Residential REIT. “We
believe that joining OTCQX will provide greater exposure and
enhanced access to U.S.-based investors.”
B. Riley Securities, Inc. acted as the company’s OTCQX
sponsor.
About Dream Residential Real Estate Investment
TrustDream Residential REIT is a newly created,
unincorporated, open-ended real estate investment trust established
and governed by the laws of the Province of Ontario. The REIT owns
an initial portfolio of 16 garden-style multi-residential
properties, consisting of 3,432 units primarily located in three
markets across the Sunbelt and Midwest regions of the United
States. For more information, please visit
www.dreamresidentialreit.ca.
About OTC Markets Group Inc.OTC Markets Group
Inc. (OTCQX: OTCM) operates regulated markets for trading 12,000
U.S. and international securities. Our data-driven disclosure
standards form the foundation of our three public markets: OTCQX®
Best Market, OTCQB® Venture Market and Pink® Open Market.
Our OTC Link® Alternative Trading Systems (ATSs) provide
critical market infrastructure that broker-dealers rely on to
facilitate trading. Our innovative model offers companies more
efficient access to the U.S. financial markets.
OTC Link ATS, OTC Link ECN and OTC Link NQB are each an SEC
regulated ATS, operated by OTC Link LLC, a FINRA and SEC registered
broker-dealer, member SIPC.
To learn more about how we create better informed and more
efficient markets, visit www.otcmarkets.com.
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Media Contact:OTC Markets Group Inc., +1 (212)
896-4428, media@otcmarkets.com
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