VANCOUVER, May 16, 2018 /CNW/ - Pure Multi-Family REIT LP
("Pure Multi-Family" or the "REIT") (TSXV: RUF.U, RUF.UN, RUF.DB.U;
OTCQX: PMULF) announced today K2 Principal Fund L.P. ("K2") has
informed the REIT that K2 will not put forward any director
nominees for election at the upcoming annual and special meeting of
unitholders of the REIT ("Unitholders"), which is currently
scheduled for May 24, 2018. In order
to prevent any further costs to Unitholders and to eliminate any
potential distraction to the previously announced formal process to
explore strategic options, including the potential sale of Pure
Multi-Family, K2 will support the seven director nominees
identified in the REIT's management information circular dated
April 9, 2018.
Both the board of directors of Pure Multi-Family and K2 are
focused on maximizing value for Unitholders.
About Pure Multi-Family REIT LP
Pure Multi-Family is a Canadian based, publically 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
puremultifamily.com and sedar.com.
Forward-Looking Information:
Certain statements in this news release may constitute
"forward-looking information" within the meaning of applicable
securities laws. Forward-looking information involves known and
unknown risks, uncertainties and other factors, and it may cause
actual results, performance or achievements or industry results, to
be materially different from any future results, performance or
achievements or industry results expressed or implied by such
forward-looking information. Forward-looking information generally
can be identified by the use of terms and phrases such as
"anticipate", "believe", "could", "estimate", "expect", "feel",
"intend", "may", "plan", "predict", "project", "subject to",
"will", "would", and similar terms and phrases, including
references to assumptions. Some of the specific
forward-looking information referred to in this news release
includes, but is not limited to, a statement that the REIT's annual
and special meeting is currently scheduled for May 24, 2018.
The forward-looking information contained in this news release
are based on certain key expectations and assumptions made by Pure
Multi-Family, including: the existence of highly credible parties
willing and capable of participating in the sale process; and
reasonably stable economies in the markets in which Pure
Multi-Family operates.
Although Pure Multi-Family believes that the expectations and
assumptions on which the forward-looking information are based are
reasonable, undue reliance should not be placed on the
forward-looking information because Pure Multi-Family can give no
assurance that they will prove to be correct. Since forward-looking
information addresses 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, without
limitation, the risk that the strategic review process may not
result in a transaction and those factors that can be found under
"Risk Factors" in Pure Multi-Family's Annual Information Form dated
March 21, 2018 and under "Risks and
Uncertainties" in Pure Multi-Family's Management's Discussion and
Analysis dated March 7, 2018, both of
which are available on SEDAR at sedar.com.
The forward-looking information 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 information except as required by law.
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.
View original
content:http://www.prnewswire.com/news-releases/pure-multi-family-announces-k2s-support-for-its-director-nominees-at-upcoming-annual-and-special-meeting-300649973.html
SOURCE Pure Multi-Family REIT LP