Business
BSR Real Estate Investment Trust Announces Base Shelf Prospectus Renewal and ATM Offering
BSR Real Estate Investment Trust Announces Base Shelf Prospectus Renewal and ATM Offering...
About this update from Bsr Real Estate Investment Trust
[{"type":"text","content":"\n \n \n \n BSR Real Estate Investment Trust Announces Base Shelf Prospectus Renewal and ATM Offering\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n /NOT FOR DISTRIBUTION TO\n \n UNITED STATES\n \n NEWSWIRE SERVICES OR FOR DISSEMINATION IN\n \n THE UNITED STATES\n \n /\n \n \n \n \n LITTLE ROCK, Ark.\n \n and\n \n TORONTO\n \n ,\n \n Dec. 8, 2021\n \n /CNW/ - BSR Real Estate Investment Trust (\"BSR\" or the \"REIT\") (TSX: HOM.U) (TSX: HOM.UN) announced today that on\n \n December 1, 2021\n \n , the REIT renewed its existing base shelf prospectus and filed and obtained a receipt for a final short form base shelf prospectus (the \"Shelf Prospectus\"), which is valid until\n \n January 1, 2024\n \n . The Shelf Prospectus allows the REIT to continue to maintain financial flexibility with the ability to offer up to an aggregate\n \n US$500,000,000\n \n of Units, debt securities, subscription receipts and warrants, or any combination thereof, (the \"Securities\") on an accelerated basis pursuant to the filing of prospectus supplements. Each prospectus supplement will contain specific information concerning the use of proceeds from that sale of Securities.\n \n \n The REIT also announced today that it has established an at-the-market equity program (the \"ATM Program\") that allows the REIT to issue up to\n \n US$150,000,000\n \n (or its Canadian dollar equivalent) of trust units (\"Units\") from treasury to the public from time to time, at the REIT's discretion. Any Units sold in the ATM Program will be sold through the Toronto Stock Exchange (the \"TSX\"), or any other marketplace on which the Units are listed, quoted or otherwise traded in\n \n Canada\n \n , at the prevailing market price at the time of sale. There is no certainty that any Securities will be offered or sold under the Shelf Prospectus or that any Units will be offered or sold under the ATM Program.\n \n \n The volume and timing of distributions under the ATM Program, if any, will be determined in the REIT's sole discretion. The AT...