TORONTO, May 28, 2020 /CNW/ – European Residential Real Estate Investment Trust (“ERES” or the “REIT”) (TSX-V: ERE.UN) is pleased to announce that it has received conditional 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.
Final approval of the TSX listing is subject to the REIT fulfilling certain conditions required by the TSX. The REIT expects to satisfy all of the remaining conditions and will issue a statement once the TSX confirms the date on which trading on the TSX will commence. The Units are expected to be listed and commence trading on the TSX in July 2020.
Upon satisfaction of the remaining conditions, the Units will be delisted from the TSX-V and commence trading on the TSX. The Units will continue to trade under the stock symbol “ERE.UN”.
“I’d like to thank all of our employees, investors and partners for supporting ERES’s continued maturation since inception, including accomplishment of this significant milestone,” commented Phillip Burns, Chief Executive Officer. “We believe that this TSX listing will further increase ERES’s trading liquidity and will open a wider and deeper investor base in Canada and abroad.”
About European Residential Real Estate Investment Trust
ERES is an unincorporated, open-ended real estate investment trust. ERES’s REIT Units are listed on the TSX Venture Exchange under the symbol ERE.UN. 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 fulfillment and satisfaction of the remaining conditions to listing the Units on the TSX and the anticipated date for the listing of the Units on the TSX. 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…