TORONTO, July 6, 2020 /CNW/ - European Residential Real
Estate Investment Trust ("ERES" or the "REIT") (TSX-V: ERE.UN) is
pleased to announce that it has received final approval from the
Toronto Stock Exchange (the "TSX") to graduate from the TSX Venture
Exchange ("TSX-V") and list its trust units (the "Units") on the
TSX.
The Units will be listed and commence trading on the TSX at the
opening of markets on July 7, 2020
under the existing symbol "ERE.UN". In connection with the
listing of the Units on the TSX, the last day of trading on the
TSX-V will be July 6, 2020 and the
Units will be delisted from the TSX-V on July 7, 2020 upon commencement of trading on the
TSX.
About European Residential Real Estate Investment
Trust
ERES is an unincorporated, open-ended real estate
investment trust. ERES's Units are listed on the TSX Venture
Exchange under the symbol ERE.UN and will be listed under the same
symbol on the TSX. ERES is Canada's only European-focused,
multi-residential REIT, with a current initial focus on investing
in high-quality, multi-residential real estate properties in
the Netherlands. ERES owns a
portfolio of 131 multi-residential properties, comprised of 5,632
suites and ancillary retail space located in the Netherlands, and owns one office property
in Germany and one office property
in Belgium.
ERES's registered and principal business office is located at 11
Church Street, Suite 401, Toronto,
Ontario M5E 1W1.
For more information please visit our website at
www.eresreit.com.
Certain statements contained in this press release constitute
forward-looking statements within the meaning of applicable
Canadian securities laws which reflect ERES's current expectations
and projections about future results, including the listing of the
Units on the TSX and the delisting of the Units from the TSX-V.
Forward-looking statements are based on a number of assumptions and
are subject to a number of risks and uncertainties, many of which
are beyond ERES's control, that could cause actual results and
events to differ materially from those that are described or
implied by such forward-looking statements. These risks and
uncertainties are more fully described in regulatory filings,
including ERES's Annual Information Form, which can be obtained on
SEDAR at www.sedar.com, under ERES's profile, as well as under
Risks and Uncertainties section of the MD&A released on
May 11, 2020. The forward-looking
statements made in this press release relate only to events or
information as of the date on which the statements are made in this
press release. Actual results and developments may differ, and may
differ materially, from those expressed or implied by the
forward-looking statements contained in this press release. Any
number of factors could cause actual results to differ materially
from these forward-looking statements as well as future results.
Although ERES believes that the expectations reflected in
forward-looking statements are reasonable, it can give no
assurances that the expectations of any forward-looking statements
will prove to be correct. Such forward-looking statements are based
on a number of assumptions that may prove to be incorrect.
Accordingly, readers should not place undue reliance on
forward-looking statements.
Except as specifically required by applicable Canadian
securities law, ERES does not undertake any obligation to update or
revise publicly any forward-looking statements, whether as a result
of new information, future events or otherwise, after the date on
which the statements are made or to reflect the occurrence of
unanticipated events. These forward-looking statements should not
be relied upon as representing ERES's views as of any date
subsequent to the date of this press release.
Neither TSX Venture Exchange Inc. nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange Inc.) accepts responsibility for the adequacy or
accuracy of this release.
SOURCE European Residential Real Estate Investment Trust