Pursuant to the notice and subject to the market price of its Units and other considerations, CAPREIT may acquire over the next 12 months up to 10,659,524 Units, representing 10% of the public float. The average daily trading volume ("ADTV") for the six calendar months prior to the date hereof was 258,670 Units and CAPREIT will be permitted to re-purchase up to 25% of the ADTV on any trading day (25% being 64,668 Units). There are 111,198,083 Units outstanding as of
As one of
For more information about CAPREIT, its business and its investment highlights, please refer to our website at www.capreit.net and our public disclosure which can be found under our profile at www.sedar.com.
All statements in this press release that do not relate to historical facts constitute forward-looking statements. These statements represent CAPREIT's intentions, plans, expectations and beliefs and are subject to certain risks and uncertainties that could result in actual results differing materially from these forward-looking statements. These risks and uncertainties are more fully described in regulatory filings that can be obtained on SEDAR at www.sedar.com. Subject to applicable laws, CAPREIT does not undertake any obligation to publicly update or revise any forward-looking information.
FOR FURTHER INFORMATION PLEASE CONTACT: CAPREIT Mr.
Michael SteinChairman (416) 861-5788 CAPREIT Mr. Thomas SchwartzPresident & CEO (416) 861-9404 CAPREIT Mr. Scott CryerChief Financial Officer (416) 861-5771 Source: Canadian Apartment Properties Real Estate Investment Trust