New ticker symbol "KRE.UN"
TORONTO, July 6, 2012 /CNW/ - Effective, Monday, July 9, 2012, "KEYreit"
(or the "REIT") is the new name for Scott's Real Estate Investment
Trust (TSX: SRQ.UN).
Concurrent with the name change, the REIT's trust units will cease
trading on the Toronto Stock Exchange (the "TSX") under the stock
symbols "SRQ.UN" and commence trading under the new symbol "KRE.UN".
Similarly, the REIT's Series A, B and C convertible debentures will
commence trading under the symbols KRE.DB , KRE.DB.A and KRE.DB.B,
KEYreit will begin to put the name change into effect at all of its
locations and operations, and in its external and internal
"The diversity of our assets, tenants and locations will be the key to
KEYreit's success going forward," stated Chief Executive Officer John
Bitove. "We are excited about the future of KEYreit and look forward to
growing and building our key relationships in the real estate and
financial communities across Canada."
KEYreit (TSX: KRE.UN) is Canada's premier small-box retail property
owner with 229 properties in eight provinces across Canada. The REIT's
properties are well located and geographically diverse across Canada
with the majority of all properties containing long-term quadruple net
leases. To find out more about KEYreit (TSX: KRE.UN), visit our website
This document contains certain information that may constitute
forward-looking information within the meaning of securities laws. In
some cases, forward-looking information can be identified by the use of
terms such as "may", "will", "should", "expect", "plan", "anticipate",
"believe", "intend", "estimate", "predict", "potential", "continue" or
other similar expressions concerning matters that are not historical
facts. Forward-looking information may relate to management's future
outlook and anticipated events or results. Forward looking-information
is subject to certain factors, including risks and uncertainties, which
could cause actual results to differ materially from what is currently
expected. Such factors include risks relating to the REIT's reliance on
key tenants, risks associated with investment in real property,
competition, reliance on key personnel, financing and refinancing
risks, distributions, environmental matters, tenant risks, risks
related to current economic conditions and other risk factors more
particularly described in the REIT's Annual Information Form for the
year ended December 31, 2011. You should not place undue importance on
forward-looking information and should not rely upon this information
as of any other date. Other than as required by applicable Canadian
securities law, the REIT does not undertake to update this information
at any particular time. Additional information identifying risks and
uncertainties is contained in the REIT's REIT filings with the Canadian
securities regulators, available at www.sedar.com.
SOURCE Scott's Real Estate Investment Trust
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