TORONTO, Nov. 1, 2021 /CNW/ - Invesque Inc. (the
"Corporation" or "Invesque") (TSX: IVQ) (TSX:
IVQ.U) announced today that the meeting (the "Meeting") of
the holders (the "Debentureholders") of its 5.00% 2016
Convertible Debentures due January 31,
2022 (TSX: IVQ.DB.U) (the "Debentures") to consider
certain enhancements to the terms of the Debentures (the
"Debenture Amendments") will be called as scheduled on
November 2, 2021 at 10:00 a.m. (Eastern Time), but will immediately
be adjourned to November 15, 2021 at
10:00 a.m. (Eastern Time). The
deadline for submitting proxies will now be November 12, 2021 at 10:00
a.m. (Eastern Time).
The required quorum has been achieved for the Meeting and, of
the proxies voted, over 60% have been voted in favour of the
Debenture Amendments. The Meeting will be adjourned in order to
allow Debentureholders who have not yet voted sufficient time to do
so.
The Debenture Amendments are described in Invesque's press
release of September 27, 2021 and
management information circular dated September 30, 2021 previously mailed to
Debentureholders and made available under the Corporation's profile
on SEDAR at www.sedar.com.
"We are very pleased with the response from the Debentureholders
to date and thank those numerous holders who have already voted in
favour of the proposal," said Scott
White, Invesque's Chairman and Chief Executive Officer.
"Given the feedback we have received from Debentureholders we
wanted to provide those who have not yet voted with more time to
submit their votes."
Board Recommendation
The Board of Directors of Invesque (the "Board") believe
that the Debenture Amendments provide a number of benefits to
Invesque and the Debentureholders, and are in the best interests of
the Corporation.
The Board UNANIMOUSLY RECOMMENDS that the
Debentureholders vote FOR the Debenture Amendments.
Detailed voting instructions can be found in the management
information circular and accompanying proxy or voting instruction
form. The adjourned Meeting is scheduled to be held on November 15, 2021 at 10:00
a.m. (Eastern Time) at the offices of Invesque Inc., 211 W.
Main Street, Suite 400, Carmel,
Indiana 46032.The Meeting will be made available by
teleconference call and webcast as described in the management
information circular. Debentureholders will not be able to vote,
ask questions or otherwise participate via the teleconference call
and webcast and are encouraged to submit their proxies in advance
of the Meeting.
About Invesque
Invesque is a North American health care real estate company
with an investment thesis focused on the premise that an aging
demographic in North America will
continue to utilize health care services in growing proportion to
the overall economy. Invesque currently capitalizes on this
opportunity by investing in a highly diversified portfolio of
income generating properties across the health care spectrum.
Invesque's portfolio includes investments in independent living,
assisted living, memory care, skilled nursing, transitional care,
and medical office properties, which are operated primarily under
long-term leases and joint venture arrangements with industry
leading operating partners. Invesque's portfolio also includes
investments in owner-occupied seniors housing properties in which
Invesque owns the real estate and provides management services
through its subsidiary management company, Commonwealth Senior
Living. For more information, please
visit www.invesque.com.
Forward-Looking Information:
Certain statements contained in this news release are
forward-looking statements and are provided for the purpose of
presenting information about management's current expectations and
plans relating to the future. Readers are cautioned that such
statements may not be appropriate for other purposes. These
forward-looking statements include statements regarding: the
adjourned Meeting date and the proposed Debenture Amendments. In
some cases forward-looking information can be identified by such
terms as "will", "would", "anticipate", "anticipated", "expect" and
"expected". The forward-looking statements in this news release are
based on certain assumptions. Such statements are subject to
significant known and unknown risks, uncertainties and other
factors that may cause actual results or events to differ
materially from those expressed or implied by such statements and,
accordingly, should not be read as guarantees of future performance
or results and will not necessarily be accurate indications of
whether or not such results will be achieved. Such risks include
the risk that the Debenture Amendments will not be approved, as
well as those risks described in the Corporation's current annual
information form and management's discussion and analysis,
available on SEDAR at www.sedar.com, which risks may be dependent
on market factors and not entirely within the Corporation's
control. Although management believes that it has a reasonable
basis for the expectations reflected in these forward-looking
statements, actual results may differ from those suggested by the
forward-looking statements for various reasons. These
forward-looking statements reflect current expectations of the
Corporation as at the date of this news release and speak only as
at the date of this news release. The Corporation does not
undertake any obligation to publicly update or revise any
forward-looking statements except as may be required by applicable
law.
SOURCE Invesque Inc.