Agellan Commercial Real Estate Investment Trust To Trade On Toronto Stock Exchange
Agellan Commercial Real Estate Investment Trust (the “REIT”) – An application has been granted for the original listing in the Industrial category of 23,604,147 units (“Units”) of which 19,088,206 Units will be issued and outstanding and 4,515,941 Units will be reserved for issuance.
Listing of the Units will become effective at 5:01 p.m. on Thursday, January 24, 2013 in anticipation of the public offering (the “Offering”) closing on Friday, January 25, 2013.
CUSIP: 00844Y 10 5
Trading Currency: CDN$
Market Maker:W.D. Latimer Co. Limited
Registrations and transfers of Units will be effected electronically through the non-certificated inventory system administered by CDS Clearing and Depository Services Inc. Beneficial owners of Units will not, except in certain limited circumstances, be entitled to receive physical certificates evidencing their ownership of Units. A subscriber who purchases Units will receive only a customer confirmation from the registered dealer from or through whom Units are purchased and who is a CDS participant.
Additional information on the Units may be found in the final prospectus dated January 17, 2013 (the “Prospectus”), which is available at www.SEDAR.com. Capitalized terms not otherwise defined are as defined in the Prospectus.
Address:156 Front St. West
Telephone Number:(416) 593-6800
Fax Number:(416) 593-6700
Email Address: email@example.com
Investor Relations:Derek Dermott
(416) 593-6800 ext 269
(416) 593-6800 ext 226
Financial Officer: Rosalia Lau
Incorporation:The REIT is an unincorporated, open-ended real estate investment trust established pursuant to a Declaration of Trust dated November 1, 2012, as amended and restated on the Closing Date, under and governed by, the laws of the Province of Ontario.
Fiscal Year End:December 31
Nature of Business:The REIT has been formed to own and operate a diversified portfolio of income producing industrial, office and retail properties in the United States and Canada. On closing of the Offering, the REIT will directly or indirectly acquire 23 properties comprising 18 industrial properties, four office properties and one retail property.
Transfer Agent &
Registrar for the Units:Computershare Trust Company of Canada at its principal office in Toronto.
Distributions:The REIT initially intends to adopt a distribution policy pursuant to which it will make cash distributions to Unitholders on each monthly Distribution Date equal to, on an annual basis, approximately 90% of estimated AFFO for the period ended December 31, 2013. Distributions will be paid to Unitholders of record at the close of business on the last business day of a month on or about the 15th day of the following month. The first distribution for the period from Closing to February 28, 2013 will be paid on March 15, 2013 (assuming a closing date of January 25, 2013) in the estimated amount of $0.079 per Unit. The REIT intends to make subsequent monthly distributions in the estimated amount of $0.06458 per Unit commencing April 15, 2013.
Public Offering:Pursuant to the terms of the Prospectus, 13,461,943 Units at a price of $10 per Unit are being offered to the public by BMO Nesbitt Burns Inc., CIBC World Markets Inc., RBC Dominion Securities Inc., TD Securities Inc., GMP Securities L.P., National Bank Financial Inc., Raymond James Ltd., Scotia Capital Inc. and Canaccord Genuity Corp., as underwriters.