TORONTO, June 11, 2014 /CNW/ - Timbercreek Asset Management Ltd., the
manager of Timbercreek Global Real Estate Fund (TSX: TGF.UN) (the "Fund") is pleased to announce that the Fund has filed a preliminary
prospectus for an offering of warrants of the Fund (the "Warrants") to holders of Class A units of the Fund (the "Unitholders") with the securities regulators in all of the provinces of Canada.
Each Unitholder will receive one Warrant for each Class A unit of the
Fund (a "Class A Unit") held on a record date that will be determined prior to the filing of
the final prospectus. No Warrants will be issued to holders of
outstanding Class B units of the Fund.
Two whole Warrants will entitle the Unitholder to purchase a Class A
Unit upon payment of the subscription price, which will be determined
as the lesser of: (i) the sum of the most recently calculated net asset
value per Class A Unit prior to the date of the preliminary short form
prospectus plus the estimated per Class A Unit fees and expenses of the
offering of the Fund, and (ii) the sum of the most recently calculated
net asset value per Class A Unit prior to the date of filing the final
short form prospectus plus the estimated per Class A Unit fees and
expenses of the offering of the Fund.
The Fund has applied to list the Warrants and the Class A Units issuable
on the exercise thereof on the Toronto Stock Exchange.
The Warrants are not qualified for distribution in the United States of
America. A copy of the preliminary prospectus has been filed on SEDAR
at www.sedar.com under the Fund's profile.
This press release does not constitute an offer to sell or the
solicitation of an offer to buy securities nor will there be any sale
of such securities in any state in which such offer, solicitation or
sale would be unlawful.
SOURCE: Timbercreek Global Real Estate Fund
For further information:
Timbercreek Asset Management Ltd.