AP.UN Allied Properties Real Estate Investment Trust

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE
UNITED STATES OF AMERICA


Allied Properties REIT (TSX:AP.UN) announced today that it has closed its
previously announced offering of 3,737,500 units (inclusive of 487,500 units
issued pursuant to the exercise in full of the underwriters' over-allotment
option) at a price of $30.80 per unit for gross proceeds of just over $115
million. The units were qualified by a short form prospectus dated November 27,
2012, and were underwritten by a syndicate of underwriters led by Scotiabank and
including RBC Capital Markets, CIBC, TD Securities Inc., BMO Capital Markets,
Macquarie Capital Markets Canada Ltd., National Bank Financial Inc., Canaccord
Genuity Corp., Desjardins Securities Inc., Dundee Securities Ltd. and GMP
Securities L.P. 


Allied intends to use the net proceeds of the offering to fund income-enhancing
capital projects now underway, to fund anticipated future acquisitions, to
retire mortgage indebtedness as it comes due, to repay amounts drawn on its
credit facility to fund recent acquisitions and for general trust purposes. 


Allied Properties REIT is a leading owner, manager and developer of urban office
environments that enrich experience and enhance profitability for business
tenants operating in Canada's major cities. Its objectives are to provide stable
and growing cash distributions to unitholders and to maximize unitholder value
through effective management and accretive portfolio growth. For further
information, please refer to Allied's website at www.alliedreit.com.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Allied Properties REIT
Michael R. Emory
President and Chief Executive Officer
(416) 977-9002
memory@alliedreit.com
www.alliedreit.com

Allied Properties Real E... (TSX:AP.UN)
Graphique Historique de l'Action
De Juin 2024 à Juil 2024

Allied Properties Real E... (TSX:AP.UN)
Graphique Historique de l'Action
De Juil 2023 à Juil 2024