Maplewood International REIT Announces Completion of REIT Termination and Consideration Payment to Unitholders
09 June 2020 - 7:30AM
(TSXV: MWI.H) Further to the press release issued by Maplewood
International Real Estate Investment Trust (the
“
REIT”) on June 3, 2020 announcing that the
termination of the REIT (the “
REIT Termination”)
would take place at 11:59 p.m. (Toronto time) on Friday, June 5,
2020 (the “
REIT Termination Time”), the REIT
announced today that the REIT Termination was completed at the REIT
Termination Time.
The REIT also announced today that the trust
units of the REIT (the “Units”) were delisted from
the NEX board of the TSXV effective as of the close of business on
June 5, 2020 and that the register of unitholders of the REIT (the
“Unitholders”), containing the names and addresses
of the registered Unitholders of the REIT and their respective Unit
holdings, closed at the REIT Termination Time.
As described in the REIT’s management
information circular dated April 27, 2020, the REIT announced today
that it has provided notice directing its Depositary to pay the
Unitholders their pro-rata share of the net cash proceeds resulting
from the REIT Termination (the “Consideration”),
in the amount of $0.01 per Unit.
Forward-Looking Information
This press release contains forward-looking
information within the meaning of applicable securities
legislation. Forward-looking information is based on a number of
assumptions and is subject to a number of risks and uncertainties,
many of which are beyond the REIT’s control that could cause actual
results to differ materially from those that are disclosed in or
implied by such forward-looking information. All forward-looking
information in this press release speaks as of the date of this
press release. The REIT does not undertake to update any such
forward-looking information, whether because of new information,
future events or otherwise. Additional information about these
assumptions and risks and uncertainties is contained in the REIT’s
filings with securities regulators, which have been filed on SEDAR
and can be viewed at www.sedar.com under the REIT’s profile.
The TSXV has neither approved nor disapproved
the contents of this press release.
Neither the TSXV nor its Regulation Services
Provider (as that term is defined under the policies of the TSXV)
accepts responsibility for the adequacy or accuracy of this
release.
For additional information, please contact:
Kursat KaciraTel: (647) 282-8324; E-mail:
kkacira@maplewoodreit.com
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