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Disposition of Trust Units of Northview Apartment Real Estate Investment Trust

·2 min read

TORONTO, Nov. 13, 2020 /CNW/ - Credit Suisse Securities (Canada), Inc. ("CSSC") announces that on November 2, 2020, as a result of a previously announced arrangement agreement (the "Transaction") involving Northview Apartment Real Estate Investment Trust (the "Issuer"), affiliates of Starlight Group Property Holdings Inc. and KingSett Capital Inc., acquired ownership of 7,144,395 units in the capital of the Issuer ("Units") held by CSSC, representing approximately 10.5921% of the issued and outstanding Units of the Issuer, and 100% of the Units beneficially owned and controlled by CSSC. As a result of the Transaction, CSSC no longer beneficially owns and controls no securities of the Issuer. Units ceased to be traded on the Toronto Stock Exchange as of November 3, 2020 and the Issuer has since been dissolved.

This news release is issued by CSSC pursuant to National Instrument 62–104 Take–Over Bids and Issuer Bids. CSSC will file a news release and an associated report in respect of this disposition with the applicable Securities Commission or Securities Regulator in each jurisdiction in which the Issuer was a reporting issuer on the date of the disposition.

Credit Suisse Securities (Canada), Inc.
1 First Canadian Place
Suite 2900, P.O. Box 301
Toronto, Ontario
Canada M5X 1C9

Credit Suisse AG
Credit Suisse AG is one of the world's leading financial services providers and is part of the Credit Suisse group of companies (referred to here as 'Credit Suisse'). Our strategy builds on Credit Suisse's core strengths: its position as a leading wealth manager, its specialist investment banking capabilities and its strong presence in our home market of Switzerland. We seek to follow a balanced approach to wealth management, aiming to capitalize on both the large pool of wealth within mature markets as well as the significant growth in wealth in Asia Pacific and other emerging markets, while also serving key developed markets with an emphasis on Switzerland. Credit Suisse employs approximately 47,860 people. The registered shares (CSGN) of Credit Suisse AG's parent company, Credit Suisse Group AG, are listed in Switzerland and, in the form of American Depositary Shares (CS), in New York. Further information about Credit Suisse can be found at www.credit-suisse.com.

Copyright © 2020, CREDIT SUISSE GROUP AG and/or its affiliates. All rights reserved.

SOURCE Credit Suisse Securities (Canada), Inc.


View original content: http://www.newswire.ca/en/releases/archive/November2020/13/c9388.html