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Inovalis REIT Announces Reliance on Financial Statement Filing Date Extension
Inovalis REIT Announces Reliance on Financial Statement Filing Date Extension Cana...
About this update from Inovalis Reit
[{"type":"text","content":"\n\n\n\nInovalis REIT Announces Reliance on Financial Statement Filing Date Extension\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\nCanada NewsWire\nTORONTO, March 30, 2020\n\n\n\n/NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES/ \n TORONTO, March 30, 2020 /CNW/ - Inovalis Real Estate Investment Trust (\"Inovalis REIT\" or the \"REIT\") (TSX: INO.UN) announced today that it will be relying on Ontario Instrument 51-502 – Temporary Exemption from Certain Corporate Finance Requirements in respect of its obligation to file its annual financial statements required by subsection 4.2(a) of National Instrument 51-102 – Continuous Disclosure Obligations (\"NI 51-102\"), its annual management's discussion and analysis required by subsection 5.1(2) of NI 51-102, and its annual information form required by section 6.2 of NI 51-102. Management of the REIT expects that the REIT's annual financial statements, annual management's discussion and analysis and annual information form will be filed on or about April 7, 2020.\nThe REIT's management and other insiders are subject to an insider trading black-out policy that reflects the principles in section 9 of National Policy 11-207 – Failure-to-File Cease Trade Orders and Revocations in Multiple Jurisdictions.\nThe only material developments of the REIT that have occurred since November 14, 2019, being the date of filing of the last interim financial report of the REIT, have been:\nThe appointment of Mr. Michael Missaghie to the Board of Trustees, as set out in the news release of the REIT dated November 19, 2019. Mr. Missaghie's appointment as an independent trustee brought the number of trustees from seven to eight. The REIT's public offering of Units on a bought deal basis for total gross proceeds of $51,493,921.50, which closed on December 23, 2019 (the \"December Bought Deal\"), as set out in the news releases of the REIT dated December 4, 2019 and December 23, 2019. The REIT's purchase of its joint venture partner's 75% ownership inte...