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BSR Real Estate Investment Trust Announces Closing of Over-Allotment Option in Connection with the Recently Completed Convertible Debenture Offering
BSR Real Estate Investment Trust Announces Closing of Over-Allotment Option in Connection...
About this update from Bsr Real Estate Investment Trust
[{"type":"text","content":"BSR-REITDebenture\n \n \n \n BSR Real Estate Investment Trust Announces Closing of Over-Allotment Option in Connection with the Recently Completed Convertible Debenture 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 LITTLE ROCK, AR and TORONTO, Oct. 5, 2020\n \n \n \n \n \n /NOT FOR DISTRIBUTION TO\n \n UNITED STATES\n \n NEWSWIRE SERVICES\n \n \n OR FOR DISSEMINATION IN\n \n THE UNITED STATES\n \n /\n \n \n \n \n LITTLE ROCK, AR\n \n and\n \n TORONTO\n \n ,\n \n Oct. 5, 2020\n \n /CNW/ - BSR Real Estate Investment Trust (\"BSR\" or the \"REIT\") (TSX: HOM.U) (TSX: HOM.UN) announced today that it has completed the issue and sale of an additional\n \n US$2.5 million\n \n aggregate principal amount of 5.00% convertible unsecured subordinated debentures due\n \n September 30, 2025\n \n (\"Debentures\") pursuant to the partial exercise of the over-allotment option granted to a syndicate of underwriters led by BMO Capital Markets in connection with BSR's recently completed bought deal offering of\n \n US$40 million\n \n aggregate principal amount of Debentures (the \"Public Offering\"). The sale of the additional Debentures brings the aggregate gross proceeds of the Public Offering to\n \n US$42.5 million\n \n .\n \n \n The Debentures were offered in each of the provinces and territories of\n \n Canada\n \n pursuant to the REIT's base shelf prospectus dated\n \n November 8, 2019\n \n . The terms of the Public Offering are described in a prospectus supplement dated\n \n August 31, 2020\n \n filed with Canadian securities regulators. A copy of the prospectus supplement is available under the REIT's profile on the SEDAR website at\n \n www.sedar.com\n \n .\n \n \n \n The Debentures have not been, nor will they be, registered under the United States Securities Act of 1933, as amended, (the \"1933 Act\") and may not be offered, sold or delivered, directly or indirectly, in\n \n the United States\n \n , or to, or for the account or benefit of, \"U.S. persons\" (as defined in Regulation S under the 1...