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ARTICLE · 11 JUNE 2020

InterRent REIT Closes $230 Million Bought Deal Financing

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On June 4, 2020, InterRent Real Estate Investment Trust (TSX-IIP.UN) ("InterRent") announced the closing of its previously announced public offering of 15,709,000 trust units from treasury.

CanadaFinance and Banking
Michael R. Clancy
Michael R. Clancy
Bryce Kraeker
Bryce Kraeker
Radhika Vaidyanathan
Radhika Vaidyanathan
Pierre Lissoir
Pierre Lissoir
Luc Lissoir
Luc Lissoir
Mariam Al-Shikarchy
Mariam Al-Shikarchy
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On June 4, 2020, InterRent Real Estate Investment Trust (TSX-IIP.UN) ("InterRent") announced the closing of its previously announced public offering of 15,709,000 trust units from treasury, which includes the full exercise of the over-allotment option granted to the underwriters in connection with the offering, for gross proceeds of $230,136,850.

The offering was made on a bought deal basis pursuant to an underwriting agreement with a syndicate of underwriters with Scotia Capital Inc., BMO Nesbitt Burns Inc., and Desjardins Securities Inc., as co-lead underwriters, and which included RBC Dominion Securities Inc., TD Securities Inc., Canaccord Genuity Corp., Echelon Wealth Partners Inc., National Bank Financial Inc., Raymond James Ltd., CIBC World Markets Inc., Industrial Alliance Securities Inc., and Laurentian Bank Securities Inc.

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