VANCOUVER, April 1, 2019 /CNW/ - Pure Multi-Family REIT
LP ("Pure Multi-Family") (TSXV: RUF.U, RUF.UN, RUF.DB.U; OTCQX:
PMULF) announced today that the Toronto Stock Exchange (the "TSX")
has conditionally approved the listing of Pure Multi-Family's Class
A units (the "Units") and 6.5% convertible unsecured subordinated
debentures (the "Debentures").
Listing of the Units and Debentures is subject to compliance
with all of the requirements of the TSX, including receipt of all
required documentation by the TSX on or before June 25, 2019. Pure Multi-Family intends to file
final listing materials as soon as practicable with the TSX and
will issue a further news release as soon as the date for trading
on the TSX has been confirmed.
"Since our IPO in 2012, we have enjoyed the efficient cost and
flexible nature of listing with the TSX Venture Exchange as we have
grown our business," said Steve
Evans, Chief Executive Officer of Pure
Multi-Family. "We anticipate that the TSX listing will improve
our liquidity and visibility with investors both in Canada and abroad."
The Units will continue to trade under the stock
symbols "RUF.UN" and "RUF.U", and the Debentures will
continue to trade under the stock symbol "RUF.DB.U", upon
listing on the TSX.
Once listed on the TSX, the Units and the Debentures will be
delisted from the TSX Venture Exchange.
About Pure Multi-Family REIT LP
Pure Multi-Family is a Canadian based, publicly traded vehicle
which offers investors exclusive exposure to attractive,
institutional quality U.S. multi-family real estate
assets.
Additional information about Pure Multi-Family is available at
www.puremultifamily.com and www.sedar.com.
Forward-Looking Information
Certain statements contained in this news release may
constitute forward-looking statements. Forward-looking statements
are often, but not always, identified by the use of words such as
"anticipate", "plan", "expect", "may", "will", "intend", "should",
and similar expressions. These statements involve known and unknown
risks, uncertainties and other factors that may cause actual
results or events to differ materially from those anticipated in
such forward-looking statements. The forward-looking
statements contained in this news release are based on certain key
expectations and assumptions made by Pure Multi-Family, including:
(i) the timing of filing final listing materials with the TSX; and
(ii) the anticipated effects of listing on the TSX.
Although Pure Multi-Family believes that the expectations and
assumptions on which the forward-looking statements are based are
reasonable, undue reliance should not be placed on the
forward-looking statements because Pure Multi-Family can give no
assurance that they will prove to be correct. Since forward-looking
statements address future events and conditions, by their very
nature they involve inherent risks and uncertainties. Actual
results could differ materially from those currently anticipated
due to a number of factors and risks. These include, but are not
limited to, competitive factors in the industries in which Pure
Multi-Family operates, prevailing economic conditions, the failure
to obtain necessary regulatory approvals or satisfy the conditions
of the TSX, and other factors, many of which are beyond the control
of Pure Multi-Family.
The forward-looking statements contained in this news release
represent Pure Multi-Family's expectations as of the date hereof,
and are subject to change after such date. Pure Multi-Family
disclaims any intention or obligation to update or revise any
forward-looking statements whether as a result of new information,
future events or otherwise, except as required under applicable
securities regulations.
NEITHER THE 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 THE ACCURACY
OF THIS RELEASE.
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SOURCE Pure Multi-Family REIT LP