NorRock Realty Finance Corporation Update for Holders of Class A Shares
(firmenpresse) - TORONTO, ONTARIO -- (Marketwire) -- 02/02/12 -- NorRock Realty Finance Corporation (TSX: RF.A)(TSX: RF.PR.A) ("NorRock" or the "Corporation") announced on February 1, 2012 the closing of the previously announced acquisition of substantially all of the assets of NorRock by Partners Real Estate Investment Trust ("Partners REIT") (TSX VENTURE: PAR.UN) through a plan of arrangement (the "Arrangement").
NorRock wishes to clarify that notwithstanding the effective date of the Arrangement being February 1, 2012, the record date applicable to holders of NorRock Class A shares in determining their entitlement to consideration pursuant to the Arrangement is close of business on February 8, 2012 (the "Record Date"), as required by the Toronto Stock Exchange ("TSX") (this was inadvertently stated as February 6, 2012 in NorRock's press release on February 1, 2012). The Record Date is required to be 5 business days after the effective date. Thus, holders of NorRock Class A shares of record as at the close of business on February 8, 2012 will receive the consideration as contemplated pursuant to the Arrangement.
On or about February 14, 2012, Computershare Investor Services Inc., the depositary for the Arrangement, will mail certificates to the registered holders of NorRock Class A shares.
The NorRock Class A shares will be halt traded as at the opening of the markets on February 6, 2012. Trading in the NorRock Class A shares will continue to be halted until such time as the NorRock Class A shares are delisted from TSX.
To maintain liquidity in the NorRock Class A shares, NorRock has applied to list its Class A shares on NEX. NEX is a separate board of the TSX Venture Exchange that provides a trading forum for listed companies that have low levels of business activity or have ceased to carry on an active business.
NorRock Realty Finance Corporation
The Corporation is a mutual fund corporation incorporated under the laws of the Province of Ontario. The Corporation was created to obtain exposure to the investment performance of an actively managed portfolio of secured loans and investments in the Canadian commercial real estate sector on a tax-efficient basis.
Certain statements included in this news release constitute forward-looking statements including statements identified by the words "plan", "will" and "intend", and similar expressions or the negative thereof. The forward-looking statements are not historical facts but reflect the Corporation's current expectations regarding future results or events. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations. Readers are cautioned not to place undue reliance on forward-looking information. The Corporation undertakes no obligation to update publicly or otherwise revise any forward-looking statement or information except as required by law.
Contacts:
NorRock Realty Finance Corporation
Jacqueline Boddaert
Chief Executive Officer
(416) 479-9510 x305
1-866-362-2469 (FAX)
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Unternehmensinformation / Kurzprofil:
Datum: 02.02.2012 - 22:31 Uhr
Sprache: Deutsch
News-ID 110722
Anzahl Zeichen: 3268
contact information:
Town:
TORONTO, ONTARIO
Kategorie:
Investment Services & Trading
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