Dundee International REIT Completes $61.5 Million Over-Allotment Option
(firmenpresse) - TORONTO, ONTARIO -- (Marketwire) -- 08/29/11 -- DUNDEE INTERNATIONAL REIT (TSX: DI.UN) announced today the closing of the issuance of an additional 4,050,000 units ("Units") at a price of $10 per Unit and $21,000,000 principal amount of 5.5% convertible unsecured subordinated debentures, for overall gross proceeds of $61,500,000. The issuance was pursuant to the exercise by the underwriters of their over-allotment option with respect to Dundee International REIT's recently completed initial public offering on August 3, 2011. The exercise of the over-allotment option increases the total gross proceeds of the initial public offering to $471,500,000. The net proceeds from this issuance will be used for general trust purposes.
This press release is not an offer of securities for sale in the United States. The units being offered have not been and will not be registered under the United States Securities Act of 1933 and accordingly are not being offered for sale and may not be offered, sold or delivered, directly or indirectly within the United States, its possessions and other areas subject to its jurisdiction or to, or for the account or for the benefit of a U.S. person, except pursuant to an exemption from the registration requirements of that Act.
Dundee International REIT is an unincorporated, open-ended real estate investment trust that provides investors with the opportunity to invest in commercial real estate exclusively outside of Canada. Dundee International REIT's portfolio currently consists of approximately 12.3 million square feet of gross leasable area of office, logistics and other commercial properties across Germany. For more information, please visit .
Contacts:
Dundee International REIT
P. Jane Gavan
President and Chief Executive Officer
(416) 365-6572
Dundee International REIT
Douglas P. Quesnel
Chief Financial Officer
(416) 365-4134
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Datum: 29.08.2011 - 07:09 Uhr
Sprache: Deutsch
News-ID 1034647
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