| Home : March 2011 : March 14, 2011 News : Allied Properties Real Estate Investment Trust Announces Closing of Public Equity Offering and Exercise of Over-Allotment Option |
Allied Properties Real Estate Investment Trust Announces Closing of Public Equity Offering and Exercise of Over-Allotment Option |
March 14, 2011
TORONTO, ONTARIO--(Marketwire - March 14, 2011) - Allied Properties REIT (TSX:AP.UN) announced today that it has closed the previously announced offering of 3,921,500 units (inclusive of 511,500 units issued pursuant to the exercise in full of the underwriters' over-allotment option) at a price of $22.00 per unit for gross proceeds of just over $86.2 million. The units were qualified by a short form prospectus dated March 7, 2011, and were underwritten by a syndicate of underwriters led by Scotia Capital Inc. and including RBC Dominion Securities Inc., CIBC World Markets Inc., Canaccord Genuity Corp., National Bank Financial Inc., Dundee Securities Ltd., Macquarie Capital Markets Canada Ltd. and Desjardins Securities Inc.
http://www.marketwire.com/mw/release.do?id=1410639&sourceType=3
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