Centrefund To Issue 5 Million Common Shares.TORONTO, Ontario--(BUSINESS WIRE)--Feb. 9, 1996--CENTREFUND REALTY(TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). : CFE ) Centrefund Realty Corporation announced today that it has entered into an underwriting agreement and filed a final prospectus in connection with the issue of 5,000,000 common shares of the company at a price of $10.50 per share. The underwriting syndicate, led by RBC Dominion Securities
Canadian Imperial Bank of Commerce Chief Executive Officer: Gerald T. McCaughey | FY 2006 Statistics: Net income: $2. Securities Inc. and ScotiaMcLeod Inc. The company has granted the underwriters an over-allotment option to purchase up to an additional 250,000 shares at the same price per share. This option, if fully exercised, will result in total gross proceeds of $55,125,000. Closing of the offering is scheduled for February 23, 1996. Peter F. Cohen cohen or kohen (Hebrew: “priest”) Jewish priest descended from Zadok (a descendant of Aaron), priest at the First Temple of Jerusalem. The biblical priesthood was hereditary and male. , President & C.E.O., said that proceeds will be used to continue Centrefund's acquisition, expansion and remerchandising programs. Centrefund is engaged in the acquisition and ownership of retail shopping centres in Canada and the United States The United States and Canada share a unique legal relationship. U.S. law looks northward with a mixture of optimism and cooperation, viewing Canada as an integral part of U.S. economic and environmental policy. . Since the completion of the company's initial public offering in March, 1994, Centrefund's portfolio has grown from five properties to 18 properties containing approximately 2.8 million square feet of gross leaseable area. CONTACT: Centrefund Realty Corporation Peter F. Cohen, C.A., 416/515-1400 President and CEO |
|
Printer friendly
Cite/link
Email
Feedback
Reader Opinion