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DRI Healthcare Trust Closes C$104 Million Bought Deal Public Offering Including Full Exercise of Over-Allotment Option
DRI Healthcare Trust Closes C$104 Million Bought Deal Public Offering Including Full Exercise of ...
About this update from Dri Healthcare Trust
[{"type":"text","content":"\n \n \n \n DRI Healthcare Trust Closes C$104 Million Bought Deal Public Offering Including Full Exercise of Over-Allotment Option\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 /NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR DISSEMINATION IN\n \n THE UNITED STATES\n \n /\n \n \n \n \n TORONTO\n \n \n ,\n \n \n Sept. 20, 2023\n \n \n /CNW/ - DRI Healthcare Trust (TSX: DHT.UN) (TSX: DHT.U) (the \"Trust\"), a global leader in providing financing to advance innovation in the life sciences industry, announces the closing of its previously announced bought deal public offering of units, including the exercise in full of the underwriters' over-allotment option, for a total of 9,430,000 units sold at a price of\n \n C$11.00\n \n per unit for gross proceeds of\n \n C$104 million\n \n .\n \n \n \n \n \n \n \n \n \n \"We are pleased to announce the successful completion of our latest financing,\" said\n \n Behzad Khosrowshahi\n \n , the Trust's Chief Executive Officer. \"This milestone reflects not only the confidence our investors have in our vision, but also the hard work and dedication of our entire team. With this new capital infusion, we are well-positioned to accelerate our growth and continue to generate accretive returns for our unitholders. We are grateful for the support of our existing and new investors, and excited about the opportunities that lie ahead.\"\n \n \n The offering was led by Scotiabank, CIBC Capital Markets and RBC Capital Markets, and included a syndicate of underwriters including National Bank Financial Inc., Canaccord Genuity Corp., Raymond James Ltd., BofA Securities, UBS Securities Canada Inc. and Stifel.\n \n \n This press release shall not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such jurisdiction. The securities offered have n...