|By PR Newswire||
|March 25, 2014 09:17 PM EDT||
TORONTO, March 25, 2014 /CNW/ - McCowan and Associates Ltd. ("McCowan") announces that it has acquired beneficial ownership of 529,473 units ("Units") of Partners Real Estate Investment Trust ("Partners REIT") at a price per Unit of $7.00 from two sellers by private agreement. McCowan has control and direction over 17,501 of the Units.
Immediately following the purchase of the Units, McCowan had (i) beneficial ownership of approximately 16.98% of the issued and outstanding units of Partners REIT and (ii) control and direction over 14.94% of the issued and outstanding units of Partners REIT, directly or indirectly, on an undiluted basis. The acquisition of Units in Partners REIT by McCowan is for investment purposes. McCowan may from time to time dispose of, or acquire, additional units of Partners REIT.
About McCowan and Associates Ltd.
McCowan and Associates Ltd. is a private company controlled by Ron McCowan, an entrepreneur who has over 40 years of extensive experience in real estate development, construction, ownership and management. McCowan currently owns and manages properties comprising more than 4 million square feet.
This press release is issued pursuant to National Instrument 62-103 - The Early Warning System and Related Take-Over Bid and Insider Reporting Issues, which also requires a report to be filed with regulatory authorities in each of the jurisdictions in which Partners REIT is a reporting issuer containing information with respect to the foregoing matters (the "Early Warning Report"). A copy of the Early Warning Report will appear with Partners REIT's documents on SEDAR at www.sedar.com.
The Toronto Stock Exchange has not reviewed and does not accept responsibility for the accuracy or adequacy of this press release.
SOURCE McCowan and Associates Ltd.
Aug. 26, 2016 12:45 AM EDT Reads: 2,220
Aug. 26, 2016 12:30 AM EDT Reads: 2,884
Aug. 25, 2016 11:45 PM EDT Reads: 2,255
Aug. 25, 2016 10:45 PM EDT Reads: 1,857
Aug. 25, 2016 10:15 PM EDT Reads: 1,707
Aug. 25, 2016 09:15 PM EDT Reads: 2,191
Aug. 25, 2016 09:00 PM EDT Reads: 1,692
Aug. 25, 2016 08:45 PM EDT Reads: 1,372
Aug. 25, 2016 06:30 PM EDT Reads: 1,921
Aug. 25, 2016 05:15 PM EDT Reads: 651
Aug. 25, 2016 04:15 PM EDT Reads: 442
Aug. 25, 2016 03:30 PM EDT Reads: 1,492
Aug. 25, 2016 02:00 PM EDT Reads: 3,548
The 19th International Cloud Expo has announced that its Call for Papers is open. Cloud Expo, to be held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, brings together Cloud Computing, Big Data, Internet of Things, DevOps, Digital Transformation, Microservices and WebRTC to one location. With cloud computing driving a higher percentage of enterprise IT budgets every year, it becomes increasingly important to plant your flag in this fast-expanding business opportuni...
Aug. 25, 2016 01:00 PM EDT Reads: 3,894
SYS-CON Events announced today that Venafi, the Immune System for the Internet™ and the leading provider of Next Generation Trust Protection, will exhibit at @DevOpsSummit at 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Venafi is the Immune System for the Internet™ that protects the foundation of all cybersecurity – cryptographic keys and digital certificates – so they can’t be misused by bad guys in attacks...
Aug. 25, 2016 01:00 PM EDT Reads: 2,597