TORONTO, March 4, 2013 /CNW/ - Credit Suisse Securities (Canada), Inc. ("CSSC") announces that it
acquired 420,000 units ("Units") of Primaris Retail Real Estate
Investment Trust ("Primaris") on March 4, 2013, which represents
approximately 0.42% of the issued and outstanding Units of Primaris.
Immediately following the acquisition, CSSC held 12,408,985 Units of
Primaris, which represents approximately 12.34% of the issued and
outstanding Units of Primaris.
CSSC acquired the Units through the Toronto Stock Exchange for hedging
and other investment purposes in the normal course of its business and
not with the purpose of influencing the control or direction of
Primaris. CSSC holds the Units as principal and is the sole beneficial
owner of the Units. Additionally, the decision on whether/how to vote
the Units is made solely by CSSC (i.e., there is no influence from, nor
any solicitation of the voting preferences of, third parties). CSSC may
in the future, subject to market conditions, make additional
investments in or dispositions of Primaris' securities for hedging and
other investment purposes. However, CSSC does not intend to acquire 20%
or more of the outstanding securities of Primaris.
This press release is issued by CSSC pursuant to section 102.1 of the Securities Act (Ontario) and National Instrument 62-103 The Early Warning System and Related Take-Over Bid and Insider Reporting
Issues ("NI 62-103"). CSSC will file a press release and early warning report,
in accordance with NI 62-103, in respect of this acquisition with the
applicable Securities Commission or Securities Regulator in each
jurisdiction in which Primaris is a reporting issuer.
Credit Suisse Securities (Canada), Inc.
1 First Canadian Place
Suite 2900, P.O. Box 301
Canada M5X 1C9
Credit Suisse AG
Credit Suisse AG is one of the world's leading financial services
providers and is part of the Credit Suisse group of companies (referred
to here as 'Credit Suisse'). As an integrated bank, Credit Suisse is
able to offer clients its expertise in the areas of private banking,
investment banking and asset management from a single source. Credit
Suisse provides specialist advisory services, comprehensive solutions
and innovative products to companies, institutional clients and high
net worth private clients worldwide, and also to retail clients in
Switzerland. Credit Suisse is headquartered in Zurich and operates in
over 50 countries worldwide. The group employs approximately 48,400
people. The registered shares (CSGN) of Credit Suisse's parent company,
Credit Suisse Group AG, are listed in Switzerland and, in the form of
American Depositary Shares (CS), in New York. Further information about
Credit Suisse can be found at www.credit-suisse.com.
SOURCE: Credit Suisse Securities (Canada)
For further information:
Jack Grone, Credit Suisse, telephone +1-212-325-2590, email@example.com