TORONTO, Jan. 17, 2013 /CNW/ - Credit Suisse Securities (Canada), Inc. ("CSSC") announces that it
acquired 524,600 units ("Units") of Primaris Retail Real Estate
Investment Trust ("Primaris") on January 9, 2012, which represents
approximately 0.56% of the issued and outstanding Units of Primaris.
Immediately following the acquisition, CSSC held 8,099,800 Units of
Primaris, which represents approximately 8.72% of the issued and
outstanding Units of Primaris.
As of January 9, 2013, CSSC acquired beneficial ownership of 3,429,600
Units of Primaris since KS Acquisition II LP, a limited partnership
equally owned beneficially by a KingSett Capital-managed fund and by
Ontario Pension Board, formally launched its offer to purchase all of
the outstanding Units of Primaris on December 10, 2012.
CSSC acquired the Units through the Toronto Stock Exchange to offset
risk as part of a broader client transaction and not with the purpose
of influencing the control or direction of Primaris. CSSC may in the
future, subject to market conditions, make additional investments in or
dispositions of Primaris' securities for purposes of managing risk.
This press release is issued by CSSC pursuant to section 102.2 of the Securities Act (Ontario), OSC Rule 62-504 Take-Over Bids and Issuer Bids and Multilateral Instrument 62-104 Take-Over Bids and Issuer Bids. CSSC will file a press release 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