TORONTO, Jan. 18, 2013 /CNW/ - Credit Suisse Securities (Canada), Inc. ("CSSC") announces that it acquired 183,100 units ("Units") of Primaris Retail Real Estate Investment Trust ("Primaris") on January 18, 2012, which represents approximately 0.18% of the issued and outstanding Units of Primaris. Immediately following the acquisition, CSSC held 10,039,271 Units of Primaris, which represents approximately 10.00% of the issued and outstanding Units of Primaris.
As of January 18, 2013, CSSC acquired beneficial ownership of 5,350,382 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 and early warning report, in accordance with National Instrument 62-103 The Early Warning System and Related Take-Over Bid and Insider Reporting Issues, 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 protected]