TransGlobe Apartment REIT Files Preliminary Prospectus for Initial Public


TORONTO, April 8 /CNW/ - TransGlobe Apartment REIT (the "REIT") announced today that it has filed, and obtained a receipt for, a preliminary prospectus respecting its initial public offering of trust units with the securities commissions of all provinces and territories in Canada. The proposed offering will be underwritten by a syndicate of underwriters led by CIBC.

The preliminary prospectus has not yet become final for the purpose of a distribution of securities to the public. This press release does not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale or any acceptance of an offer to buy these securities in any province or territory of Canada prior to the time a receipt for the final prospectus or other authorization is obtained from the securities commission or similar authority in such province or territory. Copies of the preliminary prospectus will be available on the website

Completion of the initial public offering is subject to and conditional upon the receipt of all necessary approvals, including regulatory approvals.

These securities have not been, nor will they be, registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States without registration or an applicable exemption from the registration requirements of that Act. This news release does not constitute an offer for sale of these securities in the United States of America.

About TransGlobe Apartment REIT

TransGlobe Apartment REIT is an unincorporated, open-ended real estate investment trust established under the laws of the Province of Ontario. The REIT has been formed to indirectly acquire, conditional on closing of the initial public offering, 65 residential rental properties containing approximately 8,200 suites principally located in urban centres in Alberta, Ontario, Québec, New Brunswick and Nova Scotia that are currently owned or co-owned and operated by TransGlobe Investment Management Ltd. ("TGIM") or its affiliates. TGIM and an affiliate will administer and operate the assets of the REIT following closing in order to support the REIT's external management structure.

This press release contains forward-looking statements which reflect the REIT's current expectations regarding future events. The forward-looking statements involve risks and uncertainties. Actual results could differ materially from those projected herein. The REIT disclaims any obligation to update these forward-looking statements.


For further information: For further information: Daniel Drimmer, Chairman, TransGlobe Apartment REIT, (416) 234-8444; Kelly Hanczyk, Chief Executive Officer, TransGlobe Apartment REIT, (416) 234-8444

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