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Early Warning Report Issued Pursuant to National Instrument 62-103
Early Warning Report Issued Pursuant to National Instrument 62-103 Canada NewsWire ...
About this update from Bsr Real Estate Investment Trust
[{"type":"text","content":"\n \n \n \n Early Warning Report Issued Pursuant to National Instrument 62-103\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\n \n \n OR\n \n \n FOR\n \n \n DISSEMINATION\n \n \n IN\n \n \n THE\n \n \n \n UNITED STATES\n \n /\n \n \n \n \n John S. Bailey Reports Unitholdings in BSR Real Estate Investment Trust\n \n \n \n \n \n LITTLE ROCK, Ark.\n \n and\n \n TORONTO\n \n \n ,\n \n \n April 1, 2024\n \n \n /CNW/ - This press release is being disseminated as required by National Instrument 62‐103\n \n \n –\n \n The Early Warning System and Related Take Over Bids and Insider Reporting Issues\n \n (\"NI\n \n \n 62-103\") in connection with the filing of an early warning report (the \"Early Warning Report\") by\n \n John S. Bailey\n \n in respect of normal course purchases of trust units (\"Trust Units\") of BSR Real Estate Investment Trust (\"BSR\" or the \"REIT\") (TSX:\n \n \n HOM.U and HOM.UN).\n \n \n On\n \n March 28, 2024\n \n , Mr. Bailey, through two entities over which he has control or direction, purchased an aggregate of 134,452 Trust Units over the facilities of the Toronto Stock Exchange at an average price of\n \n US$11.15\n \n \n (C$15.10)\n \n per Trust Unit for total consideration of\n \n US$1,498,646\n \n \n (C$2,030,665)\n \n .\n \n \n As a result of the acquisitions by Mr. Bailey and the REIT's recent repurchases of Trust Units under its normal course issuer bid, Mr. Bailey's beneficial ownership interest in the REIT has increased in amount greater than 2% of the outstanding Trust Units that was the subject of the most recent report filed by Mr. Bailey pursuant to NI\n \n \n 62-103.\n \n \n In addition to controlling certain other Trust Units, Mr. Bailey also controls certain class B units (\"Class\n \n \n B Units\") of BSR Trust, LLC, the REIT's operating subsidiary. Each Class B Unit is redeemable by the holder thereof for cash or one Trust Unit (subject to customary anti-dilution ...