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European Residential REIT Receives Conditional Approval for TSX Listing
European Residential REIT Receives Conditional Approval for TSX Listing Canada New...
About this update from European Residential Real Estate Invt Tr
[{"type":"text","content":"\n\n\n\nEuropean Residential REIT Receives Conditional Approval for TSX Listing\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\nTORONTO, May 28, 2020\n\n\n\nTORONTO, May 28, 2020 /CNW/ - European Residential Real Estate Investment Trust (\"ERES\" or the \"REIT\") (TSX-V: ERE.UN) is pleased to announce that it has received conditional approval from the Toronto Stock Exchange (the \"TSX\") to graduate from the TSX Venture Exchange (\"TSX-V\") and list its trust units (the \"Units\") on the TSX. \nFinal approval of the TSX listing is subject to the REIT fulfilling certain conditions required by the TSX.  The REIT expects to satisfy all of the remaining conditions and will issue a statement once the TSX confirms the date on which trading on the TSX will commence. The Units are expected to be listed and commence trading on the TSX in July 2020.\nUpon satisfaction of the remaining conditions, the Units will be delisted from the TSX-V and commence trading on the TSX.  The Units will continue to trade under the stock symbol \"ERE.UN\".\n\"I'd like to thank all of our employees, investors and partners for supporting ERES's continued maturation since inception, including accomplishment of this significant milestone,\" commented Phillip Burns, Chief Executive Officer.  \"We believe that this TSX listing will further increase ERES's trading liquidity and will open a wider and deeper investor base in Canada and abroad.\"\nAbout European Residential Real Estate Investment TrustERES is an unincorporated, open-ended real estate investment trust. ERES's REIT Units are listed on the TSX Venture Exchange under the symbol ERE.UN. ERES is Canada's only European-focused multi-residential REIT, with a current initial focus on investing in high-quality multi-residential real estate properties in the Netherlands. ERES owns a portfolio of 131 multi-residential properties, comprised of 5,632 suites and ancillary retail space located in the Netherlands, and owns one office property in Germany and one office property in Belgium.\nERES's registered and principal busi...