TORONTO 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.
Management 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.
To 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.
A 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.
The 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.
The 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.
About Nexus Real Estate Investment Trust
Nexus is a growth oriented real estate investment trust focused
on increasing unitholder value through the acquisition, ownership
and management of industrial, office and retail properties located
in primary and secondary markets in North
America. The REIT currently owns a portfolio of 62
properties comprising approximately 3.5 million square feet of
rentable area. The REIT has approximately 88,164,309 units issued
and outstanding. Additionally, there are approximately 6,006,065
Class B LP units of subsidiary limited partnerships of the REIT
issued and outstanding.
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of
this release.
SOURCE Nexus Real Estate Investment Trust