BSR Real Estate Investment Trust Announces Successful Closing US$69 Million Bought Deal Equity Offering
|Areas||Corporate Finance and Securities|
Goodmans LLP acted for BSR Real Estate Investment Trust. On February 9, 2021, BSR Real Estate Investment Trust ("BSR" or the "REIT") (TSX: HOM.U) (TSX: HOM.UN) completed its previously announced public offering of trust units of the REIT ("Units") to a syndicate of underwriters led by BMO Capital Markets, CIBC Capital Markets, and RBC Capital Markets (the "Underwriters") on a bought deal basis. A total of 6,302,000 Units were issued at a price of US$10.95 per Unit for total gross proceeds to the REIT of US$69,006,900, which includes the gross proceeds from the full exercise of the over-allotment option granted to the Underwriters to purchase an additional 822,000 Units.