VANCOUVER, April 26, 2019 /CNW/ - Pure Multi-Family
REIT LP ("Pure Multi-Family") (TSXV: RUF.U) (TSXV: RUF.UN) (TSXV:
RUF.DB.U) (OTCQX: PMULF) is pleased to announce that it has
received final approval from the Toronto Stock Exchange (the "TSX")
to list its Class A units (the "Units") and 6.5% convertible
unsecured subordinated debentures (the "Debentures"). The Units and
Debentures will be listed and commence trading on the TSX at the
opening of markets on April 29,
2019.
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".
The Units and Debentures will be de-listed from the TSX Venture
Exchange upon listing and commencement of trading on the TSX.
The Units will also continue to trade on the OTCQX exchange
under the stock symbol PMULF.
Pure Multi-Family's normal course issuer bid ("NCIB") previously
announced on November 16, 2018 has
been accepted by the TSX. The NCIB will continue through the
facilities of the TSX and other Canadian marketplaces, and is
limited to a maximum aggregate of 1,500,000 Units. Purchases may
commence through the TSX on April 29,
2019, being the day of listing of the Units on the TSX, and
will conclude on the earlier of the date on which purchases under
the bid have been completed and November 19,
2019. Daily purchases under the NCIB will be limited to a
maximum of 29,746 Units, being 25% of the average daily trading
volume over the six months ended October 31,
2018, other than purchases made in compliance with the
provisions of the block purchase exemption of the TSX rules. Pure
Multi-Family has purchased nil Units under the NCIB since
November 20, 2018.
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 and www.sedar.com.
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