Anthem Citizen Real Estate Development Trust Files Initial Public Offering Final Prospectus and Sets Closing Date for Offering Globe Newswire IPOs

/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/

The final long form prospectus is accessible through SEDAR+

VANCOUVER, British Columbia, Oct. 16, 2024 (GLOBE NEWSWIRE) — Anthem Citizen Real Estate Development Trust (the “REDT“) announced today that it has received expressions of interest and commitments that in the aggregate are expected to achieve the maximum offering amount of C$82 million and has filed with the securities regulatory authorities in each of the provinces and territories of Canada, and obtained a receipt for, a final prospectus (the “Prospectus“) for an initial public offering of its trust units (the “Offering“).

It is expected that the Offering will close on October 29, 2024.

The REDT is a newly created, unincorporated investment trust and was established for the primary purpose of indirectly owning an interest in a mixed-use, transit-oriented development project (the “Project“) located in Burnaby, British Columbia. The Project comprises 372 condominium units, 200 market rental units, 73 non-market, affordable rental units, 176 hotel suites and 4,881 square feet of retail space. The Project is currently beneficially owned by a subsidiary of Anthem Developments (Canada) Ltd. and its non-managing, co-investment partner.

CIBC World Markets Inc. (the “Agent“) is the sole agent for the Offering.

This press release does not constitute an offer to sell or the solicitation of an offer to buy securities of the REDT in the United States, nor shall there be any sale of the securities of the REDT in any jurisdiction in which such offer, solicitation or sale would be unlawful. The securities described herein have not been and will not be registered under the United States Securities Act of 1933, as amended (the “1933 Act“), and may not be offered or sold within the United States unless registered under the U.S. Securities Act and applicable state securities laws or pursuant to exemptions from the registration requirements of the U.S. Securities Act and applicable state securities laws.

This Offering is only being made to the public by prospectus. Access to the Prospectus and any amendment to the Prospectus is provided in accordance with securities legislation relating to procedures for providing access to a prospectus and any amendment. …

Full story available on Benzinga.com

/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/

The final long form prospectus is accessible through SEDAR+

VANCOUVER, British Columbia, Oct. 16, 2024 (GLOBE NEWSWIRE) — Anthem Citizen Real Estate Development Trust (the “REDT“) announced today that it has received expressions of interest and commitments that in the aggregate are expected to achieve the maximum offering amount of C$82 million and has filed with the securities regulatory authorities in each of the provinces and territories of Canada, and obtained a receipt for, a final prospectus (the “Prospectus“) for an initial public offering of its trust units (the “Offering“).

It is expected that the Offering will close on October 29, 2024.

The REDT is a newly created, unincorporated investment trust and was established for the primary purpose of indirectly owning an interest in a mixed-use, transit-oriented development project (the “Project“) located in Burnaby, British Columbia. The Project comprises 372 condominium units, 200 market rental units, 73 non-market, affordable rental units, 176 hotel suites and 4,881 square feet of retail space. The Project is currently beneficially owned by a subsidiary of Anthem Developments (Canada) Ltd. and its non-managing, co-investment partner.

CIBC World Markets Inc. (the “Agent“) is the sole agent for the Offering.

This press release does not constitute an offer to sell or the solicitation of an offer to buy securities of the REDT in the United States, nor shall there be any sale of the securities of the REDT in any jurisdiction in which such offer, solicitation or sale would be unlawful. The securities described herein have not been and will not be registered under the United States Securities Act of 1933, as amended (the “1933 Act“), and may not be offered or sold within the United States unless registered under the U.S. Securities Act and applicable state securities laws or pursuant to exemptions from the registration requirements of the U.S. Securities Act and applicable state securities laws.

This Offering is only being made to the public by prospectus. Access to the Prospectus and any amendment to the Prospectus is provided in accordance with securities legislation relating to procedures for providing access to a prospectus and any amendment. …

Full story available on Benzinga.com

 /NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/
The final long form prospectus is accessible through SEDAR+
VANCOUVER, British Columbia, Oct. 16, 2024 (GLOBE NEWSWIRE) — Anthem Citizen Real Estate Development Trust (the “REDT”) announced today that it has received expressions of interest and commitments that in the aggregate are expected to achieve the maximum offering amount of C$82 million and has filed with the securities regulatory authorities in each of the provinces and territories of Canada, and obtained a receipt for, a final prospectus (the “Prospectus”) for an initial public offering of its trust units (the “Offering”).
It is expected that the Offering will close on October 29, 2024.
The REDT is a newly created, unincorporated investment trust and was established for the primary purpose of indirectly owning an interest in a mixed-use, transit-oriented development project (the “Project”) located in Burnaby, British Columbia. The Project comprises 372 condominium units, 200 market rental units, 73 non-market, affordable rental units, 176 hotel suites and 4,881 square feet of retail space. The Project is currently beneficially owned by a subsidiary of Anthem Developments (Canada) Ltd. and its non-managing, co-investment partner.
CIBC World Markets Inc. (the “Agent”) is the sole agent for the Offering.
This press release does not constitute an offer to sell or the solicitation of an offer to buy securities of the REDT in the United States, nor shall there be any sale of the securities of the REDT in any jurisdiction in which such offer, solicitation or sale would be unlawful. The securities described herein have not been and will not be registered under the United States Securities Act of 1933, as amended (the “1933 Act”), and may not be offered or sold within the United States unless registered under the U.S. Securities Act and applicable state securities laws or pursuant to exemptions from the registration requirements of the U.S. Securities Act and applicable state securities laws.
This Offering is only being made to the public by prospectus. Access to the Prospectus and any amendment to the Prospectus is provided in accordance with securities legislation relating to procedures for providing access to a prospectus and any amendment. …Full story available on Benzinga.com   Read MoreNews, IPOs, Press Releases IPOs