By The Online Investor Staff, updated Tue., Oct. 17, 9:41 PM
Slide #3. RioCan Real Estate Investment Trust
||RioCan Real Estate Investment Trust (TSE:REI.UN.CA)
|Share Amount Authorized:
||RioCan Real Estate Investment Trust ("RioCan") (TSX:REI.UN) today announced that the Toronto Stock Exchange has approved its notice of intention to make a normal course issuer bid for a portion of its trust units ("Units") as appropriate opportunities arise from time to time. RioCan's normal course issuer bid will be made in accordance with the requirements of the Toronto Stock Exchange. Pursuant to the notice, RioCan is authorized to acquire up to a maximum of 32,520,207 of its Units, or approximately 10% of the public float of 325,202,070 as of October 6, 2017, for cancellation over the next 12 months. Purchases under the normal course issuer bid will be made through the facilities of the Toronto Stock Exchange or through a Canadian alternative trading system and in accordance with applicable regulatory requirements at a price per Unit equal to the market at the time of acquisition. The number of Units that can be purchased pursuant to the bid is subject to a current daily maximum of 127,617 Units (which is equal to 25% of 510,471, being the average daily trading volume during the last six months), subject to RioCan's ability to make one block purchase of Units per calendar week that exceeds such limits.
RioCan Real Estate Investment Trust is a real estate investment trust. Co. is engaged in owning, developing and operating retail real estate, mixed use and office real estate. As of Dec 31 2009, Co. owned and managed a portfolio of Canadian shopping centres, with ownership interests in a portfolio of 258 retail properties, including 12 under development, containing an aggregate of over 61.7 million square feet. Co.'s Canadian portfolio of properties is concentrated around Canada's urban markets. Co. also owns properties in secondary markets, such as Kingston, Ontario and Quebec City, Quebec.
Preferreds: REI.PRA.CA, REI.PRC.CA
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||RioCan Real Estate Investment Trust
|Number of ETFs Holding REI.UN.CA:
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|% of Market Cap. Held by ETFs:
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