/NOT FOR DISTRIBUTION TO
The ATM Program allows the REIT to issue from treasury, at its discretion, up to
"We believe the ATM Program will provide the REIT with an attractive alternative source to access incremental equity capital, and will be used in concert with other existing funding sources. We view the ATM Program as another tool that adds to our capital raising capabilities, and one element of our long–term sources of capital that can be used to fund growth," commented
The ATM Program is designed to provide the REIT with additional financing flexibility should it be required in the future. The volume and timing of distributions under the ATM Program, if any, will be determined at the REIT's sole discretion. Since the REIT Units distributed pursuant to the ATM Program will be distributed to the public at prevailing market prices at the time of sale, prices may vary among purchasers and during the period of distribution.
The ATM Program has been established pursuant to a prospectus supplement dated
This press release does not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful. The REIT Units have not been, nor will they be, registered under the United States Securities Act of 1933, as amended, (the "1933 Act") and may not be offered, sold or delivered, directly or indirectly, in
This press release contains statements that include forward-looking information within the meaning of Canadian securities laws, including the potential issuance, sale and distribution of REIT Units pursuant to the ATM Program, including the price, volume and timing of any distributions, and the intended use of the net proceeds from the ATM Program. In some cases, forward-looking statements can be identified by terms such as "may", "will", "could", "occur", "expect", "anticipate", "believe", "intend", "estimate", "target", "project", "predict", "forecast", "continue", or the negative thereof or other similar expressions concerning matters that are not historical facts.
These forward-looking statements reflect the current expectations of the REIT regarding future events. The REIT has based these forward-looking statements on certain assumptions about future events and trends. While management considers these assumptions to be reasonable based on currently available information, they may prove to be incorrect.
Although management believes the expectations reflected in such forward-looking statements are reasonable and represent the REIT's internal expectations and beliefs at this time, such statements involve known and unknown risks and uncertainties and may not prove to be accurate and certain objectives and strategic goals may not be achieved. A variety of factors, many of which are beyond the REIT's control, could cause actual events to differ materially from current expectations of events expressed or implied by such forward-looking statements, such as the risks identified in the REIT's current annual information form available at www.sedar.com, including under the heading "Risks and Uncertainties" therein. Readers are cautioned against placing undue reliance on forward-looking statements. Except as required by applicable Canadian securities laws, the REIT undertakes no 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.
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