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Nexus Real Estate Investment Trust Announces Release Date for Third Quarter Results, Payment of Trustee Fees in Units and Results Call
Nexus Real Estate Investment Trust Announces Release Date for Third Quarter Results, Payme...
About this update from Nexus Industrial Reit
[{"type":"text","content":"\n\n\n\nNexus Real Estate Investment Trust Announces Release Date for Third Quarter Results, Payment of Trustee Fees in Units and Results Call\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 and MONTREAL, Nov. 7, 2017\n\n\n\nTORONTO and MONTREAL, Nov. 7, 2017 /CNW/ - Nexus Real Estate Investment Trust (TSXV: NXR.UN) (\"Nexus\" or the \"REIT\") announced today that it intends to release its financial results for the third quarter ended September 30, 2017 before the opening of the TSX Venture Exchange on Wednesday November 29, 2017.\n\nManagement of the REIT will host a conference call at 1:00 PM Eastern Standard Time on Wednesday November 29, 2017 to review the financial results and operations.\n\nTo participate in the conference call, please dial 416-915-3239 or 1-800-319-4610 (toll free in Canada and the US) at least five minutes prior to the start time and ask to join the Nexus REIT conference call.  \n\nA recording of the conference call will be available until December 29, 2017. To access the recording, please dial 604-674-8052 or 1-855-669-9658 (toll free in Canada and the US) and enter access code 1858.\n\nThe REIT also announced today that it has paid outstanding retainer fees payable to independent trustees of the REIT in the amount of $34,375, net of applicable payroll withholding taxes of $5,253, through the issuance of 14,518 units of the REIT (\"Trust Units\") at an average price of $2.006 per Trust Unit. The Trust Units were issued under the REIT's Non-Executive Trustee Unit Issuance Plan.\n\nThe Trust Units are subject to a four-month hold period expiring on March 7, 2018. The transaction constitutes a related party transaction pursuant to Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (\"MI 61-101\"). The REIT is exempt from the formal valuation and minority approval requirements of MI 61-101 in reliance on Section 5.5(b) and Section 5.7(a), respectively.\n\nAbout Nexus Real Estate Investment Trust\n\nNexus is a growth oriented real estate investment trust focused on i...