TORONTO,
July 2, 2015 /CNW/ - InnVest
Real Estate Investment Trust ("InnVest") (TSX:INN.UN) announced
today that it has filed and obtained receipts for a final base
shelf prospectus. The final base shelf prospectus was filed
with securities regulatory authorities in each of the provinces and
territories of Canada for the
purposes of the sale of securities.
The final base shelf prospectus is valid for a
25-month period, during which time InnVest may offer trust
units, debt securities, warrants and subscription receipts, or any
combination thereof, having an aggregate offering price of up
to $500 million. Securities may be sold from time to time in
one or more transactions at fixed prices or non-fixed prices, such
as prices determined by reference to the prevailing price of
InnVest's securities in a specified market, at market prices
prevailing at the time of sale, or at prices to be negotiated with
purchasers, which prices may vary as between purchasers and during
the period of distribution of any securities. Any issue of
securities under the shelf prospectus will require the filing of a
prospectus supplement that will include specific terms of the
securities being offered. InnVest intends to use the net proceeds
of any sales of securities for the direct or indirect financing of
future growth opportunities, including acquisitions and capital
expenditures and/or repayment of indebtedness.
This news release does not constitute an offer to
sell securities, nor is it a solicitation of an offer to buy
securities in any jurisdiction. This news release does not
constitute an offer of securities for sale in the United
States and the securities referred to in this news release may
not be offered or sold in the United States absent a
registration or an exemption from registration.
INNVEST PROFILE
InnVest Real Estate
Investment Trust is an unincorporated open-ended real estate
investment trust which owns a portfolio of approximately 109 hotels
across Canada representing over
15,000 guest rooms operated under internationally recognized
brands. InnVest also holds a 50% interest in Choice Hotels Canada
Inc., one of the largest franchisors of hotels in Canada.
InnVest's units and convertible debentures trade
on the Toronto Stock Exchange (the "TSX") under the symbols INN.UN,
INN.DB.E, INN.DB.F and INN.DB.G.
SOURCE InnVest Real Estate Investment Trust