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Early Warning Report Issued Pursuant to National Instrument 62-103 John S. Bailey Reports Unitholdings in BSR Real Estate Investment Trust
Early Warning Report Issued Pursuant to National Instrument 62-103 John S. Bailey Reports...
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 John S. Bailey Reports Unitholdings in BSR Real Estate Investment Trust\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 \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 \n \n LITTLE ROCK, Ark.\n \n and\n \n TORONTO\n \n \n ,\n \n \n May 18, 2022\n \n \n /CNW/ - This press release is being disseminated as required by National Instrument 62‐103 –\n \n The Early Warning System and Related Take Over Bids and Insider Reporting Issues\n \n (\"NI 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: HOM.U) (TSX: HOM.UN).\n \n \n On\n \n May 17, 2022\n \n , Mr. Bailey, through an entity over which he has control or direction, purchased an aggregate of 4,200 Trust Units over the facilities of the Toronto Stock Exchange at a price of\n \n US$16.95\n \n \n (C$21.75)\n \n per Trust Unit for total consideration of\n \n US$71,190.00\n \n \n (C$91,365.25)\n \n .\n \n \n As a result of the REIT's recent equity issuance of Trust Units resulting in an increase in issued and outstanding Trust Units and therefore a dilution in Mr. Bailey's holdings, even following the acquisition of Trust Units, Mr. Bailey's beneficial ownership interest in the REIT has decreased 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 62-103.\n \n \n In addition to controlling certain other Trust Units, Mr. Bailey also controls certain class B units (\"\n \n Class B Units\n \n \") 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 adju...