TORONTO, Dec. 12, 2012 /CNW/ - Credit Suisse Securities (Canada), Inc.
("CSSC") announces that it acquired 681,600 units ("Units") of Primaris Retail Real Estate Investment Trust ("Primaris") on December 11, 2012, which represents approximately 0.72% of the
issued and outstanding Units of Primaris. Immediately following the
acquisition, CSSC held 5,400,834 Units of Primaris, which represents
approximately 5.68 % of the issued and outstanding Units of Primaris.
CSSC has acquired beneficial ownership of 681,600 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
100 King Street West, Suite 2900
Canada M5X 1C9
SOURCE: Credit Suisse Securities (Canada)
For further information:
please contact Jack Grone at (212) 325-2590.