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BSR REIT Announces New Canadian Dollar Listing on Toronto Stock Exchange
BSR REIT Announces New Canadian Dollar Listing on Toronto Stock Exchange Canada Ne...
About this update from Bsr Real Estate Investment Trust
[{"type":"text","content":"\n\n\n\nBSR REIT Announces New Canadian Dollar Listing on Toronto Stock Exchange\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\n\n\n\n\n\n\nCanada NewsWire\nLITTLE ROCK, AR and TORONTO, June 6, 2019\n\n\n\nLITTLE ROCK, AR and TORONTO, June 6, 2019 /CNW/ - BSR Real Estate Investment Trust (\"BSR\", or the \"REIT\") (TSX: HOM.U) today announced the introduction of a Canadian dollar listing of its units on the Toronto Stock Exchange (\"TSX\").\nEffective June 10, 2019, the units will commence trading on the TSX in Canadian dollars under the symbol \"HOM.UN\". The units will continue to trade in U.S. dollars under the existing symbol \"HOM.U\".\nThe units to be traded under the symbol HOM.UN will have the same CUSIP number as the units trading under the symbol HOM.U. Accordingly, the number of issued and outstanding units will not change. The REIT currently has 16,550,000 units outstanding. \nThe REIT's distributions will continue to be paid to unitholders in U.S. dollars for both the HOM.U and HOM.UN listings.\n\"We are pleased to introduce this Canadian dollar listing, which provides an opportunity for our Canadian investors to transact in their domestic currency,\" said John Bailey, BSR's Chief Executive Officer. \"A majority of our investors are based in Canada, and this listing provides them with more flexibility. We are also optimistic that the listing will lead to increased trading activity.\"\nUnitholders should consult their financial advisors for more information regarding the dual currency listing, including their ability to exchange U.S. dollar denominated units for Canadian dollar denominated units.\nAbout BSR Real Estate Investment TrustBSR Real Estate Investment Trust is an internally managed, unincorporated, open-ended real estate investment trust established pursuant to a declaration of trust under the laws of the Province of Ontario. The REIT owns a portfolio of 47 multifamily garden-style residential properties aggregating 10,050 apartment units located across five bordering states in the Sunbelt region of the United States.\nForward-Looking StatementsThis news rel...