MISSISSAUGA, ON, May 7, 2021 /CNW/ - Morguard Corporation
("Morguard"), (TSX: MRC) announced today that it has filed a
(final) base shelf prospectus with the securities regulatory
authorities in each of the provinces and territories of
Canada, except Quebec. The base shelf prospectus is valid for
a 25-month period, during which Morguard may offer common shares,
preference shares, debt securities, warrants and units, or any
combination thereof, having an aggregate offering price of up to
$600 million. Any issue of securities
under the base shelf prospectus will require the filing of a
prospectus supplement that will include specific terms of the
securities being offered.
This news release does not constitute an offer to sell
securities, nor is it a solicitation of an offer to buy securities
in any jurisdiction. This news release does not constitute an offer
of securities for sale in the United
States and the securities referred to in this news release
may not be offered or sold in the United
States absent a registration or an exemption from
registration.
About Morguard Corporation
Morguard Corporation is a real estate company, with total assets
owned and under management valued at $19.2
billion. Morguard owns a diversified portfolio of 203
multi-suite residential, retail, office, industrial and hotel
properties comprised of 17,752 residential suites, approximately
16.9 million square feet of commercial leasable space and 5,517
hotel rooms. Morguard also currently owns a 60.9% interest in
Morguard Real Estate Investment Trust and a 44.7% effective
interest in Morguard North American Residential Real Estate
Investment Trust. Morguard also provides advisory and management
services to institutional and other investors. For more
information, visit Morguard's website at www.morguard.com.
Forward–Looking Statements
This press release contains forward-looking information within
the meaning of applicable securities legislation, which reflects
Morguard's current expectations regarding future events.
Forward-looking information is based on a number of assumptions and
is subject to a number of risks and uncertainties, many of which
are beyond Morguard's control, that could cause actual results and
events to differ materially from those that are disclosed in or
implied by such forward-looking information. Such risks and
uncertainties include, but are not limited to the factors discussed
in Morguard's current Annual Information Form and MD&A, which
are both available on Morguard's website at www.Morguard.com and on
SEDAR at www.sedar.com. Morguard does not undertake any obligation
to update such forward-looking information, whether as a result of
new information, future events or otherwise, except as expressly
required by applicable law.
SOURCE Morguard Corporation