Business
InterRent International Properties Inc. Shares Listed For Trading On Frankfurt Stock Exchange
InterRent International Properties Inc. Shares Listed For Trading On Frankfurt Stock Exchange.
About this update from Interrent Real Estate Investment Trust
[{"type":"text","content":"\n\n\n\n\nTSX.V-IIP\n\nTORONTO, Dec. 7 /CNW/ - InterRent International Properties Inc.,\n(\"InterRent\" or the \"Company\") today announced that its common shares have\nbeen listed for trading on the Frankfurt Freiverkehr (Open Market) and XETRA\nunder the trading symbol I4N. The German securities code for InterRent is WKN\nA0HG5Y and the ISIN Number is CA46070E1079. Quotation of the shares commenced\nat the opening of markets on December 7, 2005.\nThis new listing provides InterRent with increased exposure to worldwide\ncapital markets and enables Europeans to trade shares of the Company in Euros\non the FWB.\nCommenting on the listing, Michael Newman, President and CEO of the\nCompany stated, \"European, and especially German investors have for many years\nbeen a major source of investment capital in Canada's real estate markets.\nNowhere has this been more evident than in Ontario, our country's most\npopulous province. By listing our shares for trading in Frankfurt, the Company\nintends to provide German and other European investors the opportunity to\nparticipate in InterRent's growth via the purchase of its shares through the\nfacilities of a local stock market.\"\nIn conjunction with its listing, the Company also launched its new German\nwebsite at www.interrentproperties.de.\nFurther to its press release of December 2, 2005, the Company also\nannounced that it has received TSX.V approval for the extension of the\nexercise date of 8,000,000 warrants with an exercise price of $0.60/share,\nfrom December 16, 2005 to May 30, 2006.\n\nInterRent is a rapidly expanding, growth oriented real estate company\nengaged in building shareholder value through the acquisition, ownership and\noperation of strategically located income producing multi-residential real\nestate, with 1,040 apartment suites under ownership.\n\nCertain information in this press release may contain forward-looking\nstatements. This information is based on current expectations that are subject\nto significant risks and uncertainties that are difficult to predict. Actual\nresults might differ materially from results suggested in any forward-looking\nstatements. The Company assumes no obligation to update the forward-looking\nstatements, or to update the reasons why actual results could differ from\nthose reflected in the forward looking-statements unless and until...