CT REIT announces $100 million at-the-market offering

Company

CT Real Estate Investment Trust

Law Firm / Organization
Stikeman Elliott LLP

Bank

CIBC World Markets Inc.

Law Firm / Organization
Osler, Hoskin & Harcourt LLP

Bank

BMO Nesbitt Burns Inc.

Law Firm / Organization
Osler, Hoskin & Harcourt LLP

On May 25, 2023, CT Real Estate Investment Trust (CT REIT) announced an at-the-market equity offering of up to $100 million. Units were sold on the Toronto Stock Exchange at market prices, with no minimum funds required. CIBC World Markets Inc. and BMO Nesbitt Burns Inc. acted as agents, earning a 2% commission.

Stikeman Elliott LLP advised CT REIT, while Osler, Hoskin & Harcourt LLP represented the agents. Proceeds are earmarked for debt repayment, acquisitions, development, and general purposes, supporting the REIT's growth strategy.

Public/Private Offering
Other
Undisclosed/Confidential
Active