Centrefund issues 5.25 million common shares.TORONTO--(BUSINESS WIRE)--Feb. 21, 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 completed the issue of 5,250,000 common shares of the company at a price of $10.50 per share for total gross proceeds of $55,125,000, in accordance with the company's previously announced underwriting agreement. 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 and 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 leasable area Gross leasable area (GLA) in the retail development industry is a term applied to shopping malls, lifestyle centers, outlet malls and other retail centers to indicate the amount of floor space available to be rented. . CONTACT: Centrefund Realty Corporation Peter F. Cohen, C.A., 416/515-1400 |
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