TORONTO and MONTREAL, April 3, 2017 /CNW Telbec/ - Edgefront Real Estate Investment Trust ("Edgefront REIT") (TSXV: ED.UN) and Nobel Real Estate Investment Trust ("Nobel REIT") (TSXV: NEL.UN) announced today they have completed the previously announced plan of arrangement transaction.
Edgefront REIT and Nobel REIT are pleased to announce that the previously announced plan of arrangement transaction has closed and the two REITs have merged into a combined REIT which has been renamed Nexus Real Estate Investment Trust ("Nexus REIT").
Edgefront REIT units will continue to trade under the ticker symbol ED.UN until the opening of the TSX Venture Exchange on Wednesday April 5, 2017, at which time the Units of Nexus REIT will trade under the ticker symbol NXR.UN.
Trading of Nobel REIT units ceased effective with the close of the TSX Venture Exchange on March 31, 2017.
About Nexus REIT
Nexus REIT is a growth oriented real estate investment trust focused on increasing unitholder value through the acquisition, ownership and management of industrial, office and retail properties located in primary and secondary markets in North America. The REIT currently owns a portfolio of 36 properties comprising approximately 2.1 million square feet of rentable area.
Nexus REIT has approximately 53,459,569 units issued and outstanding. Additionally, there are approximately 6,082,805 Class B LP units of subsidiary limited partnerships of Nexus REIT issued and outstanding.
Neither 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 accuracy of this release.
SOURCE Nobel Real Estate Investment Trust
For further information: Kelly C. Hanczyk, co-CEO at (403) 817-9497; Jean Teasdale, co-CEO at 514-840-9339; Rob Chiasson, CFO at (403) 817-9496.