/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES
OR FOR DISSEMINATION IN THE UNITED
STATES/
VANCOUVER, Nov. 16, 2018 /CNW/ - Pure Multi-Family REIT LP
("Pure Multi-Family") (TSXV: RUF.U, RUF.UN, RUF.DB.U; OTCQX: PMULF)
announced today that the TSX Venture Exchange (the "TSX-V") has
accepted its notice of intention to make a normal course issuer bid
(the "Bid").
The notice provides that Pure Multi-Family may, during the
twelve-month period commencing November 20,
2018 and ending November 19,
2019, purchase for cancellation on the TSX-V up to 1,500,000
class A units (each, a "Unit") in total, being approximately 2.0%
of the outstanding Units as of the date hereof.
Pure Multi-Family believes that its Units are currently trading,
or due to market volatility, may trade, in a price range that does
not adequately reflect their underlying value based on Pure
Multi-Family's business prospects and financial position.
Accordingly, depending upon future price movements and other
factors, Pure Multi-Family may purchase outstanding Units from time
to time, provided that the repurchase of Units at such market
prices continue to be an appropriate use of Pure Multi-Family's
resources and benefit remaining unitholders by increasing their
proportionate equity interest in Pure Multi-Family.
Purchases subject to this normal course issuer bid will be
carried out pursuant to open market transactions through the
facilities of the TSX-V by CIBC on behalf of Pure Multi-Family in
accordance with applicable regulatory requirements. All Units
purchased by Pure Multi-Family under the normal course issuer bid
will be returned to treasury and cancelled.
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
www.puremultifamily.com or www.sedar.com.
NEITHER TSX-V 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 Pure Multi-Family REIT LP