OTCPK:NNVUF - Post by User
Comment by
Calculator44on Sep 05, 2020 5:49pm
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Post# 31515898
RE:Is there any reason that this buyout will not take place?
RE:Is there any reason that this buyout will not take place?Northview reguires the approval of CMHC and certain third party lenders, one or
both of these entities are asking for assurances that they will be protected if they
grant approval.
The reason may be Northview have not been able to sell the $430 million dollar offering of
the Northview Canadian High Yield Residential Fund which was offered
on JUne 18th. Several other Residential Reit's have offered additional
units recently and been sold out in a few days.
Northview have been at this for almost three months, so if they can't sell
the new offering they and all those betting on the deal being completed may find themselves
holding sub $30 Trust Units.
Hopefully the transaction does occur.