BSR REIT $115 Million Bought Deal Equity Offering

Goodmans LLP acted for BSR in connection with its public offering of trust units of the REIT to a syndicate of underwriters led by BMO Capital Markets, RBC Capital Markets and CIBC Capital Markets (the “Underwriters”) on a bought deal basis.

A total of 5,888,000 Units were issued at a price of US$19.55 per Unit for total gross proceeds to the REIT of US$115,110,400, which includes the gross proceeds from the full exercise of the over-allotment option granted to the Underwriters to purchase an additional 768,000 Units.