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CT REAL ESTATE INVESTMENT TRUST ANNOUNCES BASE SHELF PROSPECTUS RENEWAL AND ESTABLISHMENT OF ATM PROGRAM
CT REAL ESTATE INVESTMENT TRUST ANNOUNCES BASE SHELF PROSPECTUS RENEWAL AND ESTABLISHMENT OF ATM ...
About this update from Ct Real Estate Investment Trust
[{"type":"text","content":"\n \n \n \n CT REAL ESTATE INVESTMENT TRUST ANNOUNCES BASE SHELF PROSPECTUS RENEWAL AND ESTABLISHMENT OF ATM PROGRAM\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 \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n /NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN\n \n THE UNITED STATES\n \n ./\n \n \n \n \n \n TORONTO\n \n \n ,\n \n \n May 25, 2023\n \n \n /CNW/ - CT Real Estate Investment Trust (TSX: CRT.UN) (\"CT REIT\" or the \"REIT\") announced today that it has renewed its existing base shelf prospectus and filed and obtained a receipt for a short form base shelf prospectus (the \"Shelf Prospectus\"), which is valid until\n \n June 25, 2025\n \n .\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 $100 million\n \n of REIT 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 Units will be offered or sold under the ATM Program.\n \n \n The ATM Program will be effective until the earlier of (i) the issuance and sale of an aggregate of\n \n $100 million\n \n of Units reserved under the ATM Program, (ii) the receipt for the Shelf Prospectus ceasing to be effective in accordance with applicable securities laws (which is expected to occur on\n \n June 25, 2025\n \n ), and (iii) the termination of the Distribution Agreement (as defined below) in accordance with its terms.\n \n \n \"We believe the ATM Program provides the REIT with an attractive incremental source of capital that will be used in concert with other existing funding sources.  The REIT continues to deliver on resilient fundamentals and consistent growth and we view the ATM Program as another tool that adds to our capital raising capabilities,\" comment...