TORONTO and MONTREAL,
April 3, 2017 /CNW Telbec/
- Edgefront Real Estate Investment Trust ("Edgefront REIT")
(TSXV: ED.UN) and Nobel Real Estate Investment Trust ("Nobel REIT")
(TSXV: NEL.UN) announced today they have completed the previously
announced plan of arrangement transaction.
Edgefront REIT and Nobel REIT are pleased to announce that the
previously announced plan of arrangement transaction has closed and
the two REITs have merged into a combined REIT which has been
renamed Nexus Real Estate Investment Trust ("Nexus REIT").
Edgefront REIT units will continue to trade under the ticker
symbol ED.UN until the opening of the TSX Venture Exchange on
Wednesday April 5, 2017, at which
time the Units of Nexus REIT will trade under the ticker symbol
NXR.UN.
Trading of Nobel REIT units ceased effective with the close of
the TSX Venture Exchange on March 31, 2017.
About Nexus REIT
Nexus REIT is a growth oriented real estate investment trust
focused on increasing unitholder value through the acquisition,
ownership and management of industrial, office and retail
properties located in primary and secondary markets in North America. The REIT currently owns a
portfolio of 36 properties comprising approximately 2.1 million
square feet of rentable area.
Nexus REIT has approximately 53,459,569 units issued and
outstanding. Additionally, there are approximately 6,082,805 Class
B LP units of subsidiary limited partnerships of Nexus REIT issued
and outstanding.
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of
this release.
SOURCE Nobel Real Estate Investment Trust