BROSSARD, QC, Oct. 21, 2013 /CNW Telbec/ - Société immobilière SYM inc., a corporation controlled by Mr. Mathieu Duguay, announces that on October 18, 2013, it acquired ownership of 163,042 units of BLF Real Estate Investment Trust (the "Issuer") representing approximately 4.93% of the Issuer's issued and outstanding voting units for an aggregate consideration of $950,000. The units were acquired at a price of $5.83 per unit from one vendor by private agreement pursuant to Section 4.2 of Regulation 62-104 Respecting Take-Over Bids and Issuer Bids.
Mr. Duguay now owns and controls, directly or indirectly, 659,870 special voting units and 163,042 units of the Issuer, representing approximately 24.91% of the Issuer's issued and outstanding voting units.
This acquisition was made for investment purposes and Mr. Duguay may from time to time increase or decrease his investment in the Issuer depending on market conditions or any other relevant factors.
A copy of the Early Warning Report disclosing the transaction is available on SEDAR at www.sedar.com.
SOURCE: Société immobilière SYM inc.
For further information:
Mr. Mathieu Duguay
President of Société immobilière SYM inc.