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PRO Real Estate Investment 8 Convertible Unsecured Subod Debentures T.PRV.DB

Alternate Symbol(s):  PRVFF | T.PRV.UN

PRO Real Estate Investment Trust is a Canada-based open-ended real estate investment trust. The Company owns a portfolio of commercial real estate properties in Canada, with an industrial focus in robust secondary markets. The Company’s segments include three classifications of investment properties: Industrial, Retail and Office. All of the Company’s activities are located in a single segment, Canada. With a concentration in eastern and central Canada, its industrial-focused real estate portfolio consists of commercial properties located in secondary markets. It has approximately 123 properties, including MONCTON, NEW BRUNSWICK, Amherst, Nova Scotia; L'ancienne-Lorette, Quebec; Daveluyville, Quebec; Saint John, New Brunswick; Miramichi, New Brunswick; Woodstock, New Brunswick and others. The Company’s properties are located in Western Canada, Ontario, Quebec and Atlantic Canada.


TSX:PRV.DB - Post by User

Post by IntelInvestoron Jun 10, 2015 11:11am
169 Views
Post# 23815650

New Unit Offering

New Unit Offering
I went to the unit holders meeting yesterday and was very pleased to find out that the new offering of 7,625,000 units at $2.30 was closed yesterday. The buyers of these units include TD Securities, Scotia Capital, BMO Nesbitt Burns and National Bank Financial. The units were purchased on a bought deal basis. Therefore, it is reasonable to assume that the above institutional investors negotiated a significant discount from what they consider the units to be worth. It would be very interesting to know how much they think the units are worth. Any ideas?
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