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Northview Canadian High Yield Residential Fund Forms Dealer Syndicate and Files Amended and Restated Preliminary Prospectus in Respect of its Maximum $430 Million Initial Public Offering
Northview Canadian High Yield Residential Fund Forms Dealer Syndicate and Files Amended an...
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[{"type":"text","content":"\n\n\n\nNorthview Canadian High Yield Residential Fund Forms Dealer Syndicate and Files Amended and Restated Preliminary Prospectus in Respect of its Maximum $430 Million Initial Public Offering\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, June 19, 2020\n\n\n\n/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES./\nOFFERING INCLUDES AN AGGREGATE COMMITMENT OF MORE THAN $175 MILLION COMPRISING $105 MILLION FROM STARLIGHT, KINGSETT AND AIMCO REALTY, A $35 MILLION LEAD ORDER FROM TIMBERCREEK ACQUISITIONS INC. ON A PRIVATE PLACEMENT BASIS AND ELECTIONS BY EXISTING UNITHOLDERS OF NORTHVIEW REIT TO RECEIVE APPROXIMATELY $37 MILLION OF UNITS   \n TORONTO, June 19, 2020 /CNW/ - Northview Canadian High Yield Residential Fund (the \"Fund\") announced today that it has formed a syndicate of agents, led by CIBC Capital Markets and including RBC Capital Markets, Scotiabank, TD Securities Inc., BMO Capital Markets, National Bank Financial Inc., Raymond James Ltd., Canaccord Genuity Corp., Richardson GMP Limited, Desjardins Securities Inc., Industrial Alliance Securities Inc. and Laurentian Bank Securities Inc. (collectively, the \"Agents\"), and has filed with, and obtained a receipt from, the securities commissions of each of the provinces and territories of Canada, other than Québec, for an amended and restated preliminary prospectus amending and restating the preliminary prospectus of the Fund dated April 27, 2020, and it has filed with, and obtained a receipt from, the securities commission in Québec, for a preliminary prospectus, for its initial public offering of trust units (the \"Offering\"). The amended and restated preliminary prospectus qualifies the distribution of a maximum of $430 million of class A trust units (the \"Class A Units\") and/or class F trust units (the \"Class F Units\", and collectively with the Class A Units, the \"Offered Units\") of the Fund at a price of $12.50 per Offered Unit (the \"Offering Price\"). \nOn February 19, 2020, Galaxy Real Estate Core Fund LP, G...