TORONTO and MONTREAL, July 12,
2019 /CNW/ - Nexus Real Estate Investment Trust (the
"REIT") (TSXV: NXR.UN) announced today that it intends to release
its financial results for the quarter ended June 30, 2019 before the opening of the TSX
Venture Exchange on Friday August 16,
2019.
Management of the REIT will host a conference call at
1:00 PM Eastern Standard Time on
Friday August 16, 2019 to review the financial results
and operations.
To participate in the conference call, please dial 416-915-3239
or 1-800-319-4610 (toll free in Canada and the US) at least five minutes prior
to the start time and ask to join the Nexus REIT conference
call.
A recording of the conference call will be available until
September 16, 2019. To access the
recording, please dial 604-674-8052 or 1-855-669-9658 (toll free in
Canada and the US) and enter
access code 3460.
RSU Grant
The REIT has granted an aggregate of 117,080 restricted units
("RSUs") to the Chief Executive Officer and the Chief
Financial Officer of the REIT under it's Incentive Unit Plan, and
an aggregate of 13,268 RSUs to other employees in respect of 2018
service as further described in the Circular dated April 23, 2019.
These RSUs will vest one-third on the date of issuance,
one-third on February 28, 2020 and
one-third on February 28, 2021 and
are priced at 1.986725 per unit, the volume-weighted average
trading price of units of the REIT for the 5 trading days prior to
the grant date.
The REIT is authorized to issue up to 4,448,704 units under the
Incentive Unit Plan. Prior to the date hereof, no units were issued
under the plan.
Board Change
The REIT also announced that Mr. Mario
Forgione has resigned from the Board of Trustees. The REIT
thanks Mr. Forgione for his contributions to the REIT's success.
The REIT's Board of Trustees will contemplate whether to fill this
vacated board seat prior to the REIT's next annual general meeting
but has full confidence that the Board will continue to function
effectively with its remaining five trustees, four of which are
independent trustees.
About Nexus Real Estate Investment Trust
Nexus is a growth-oriented real estate investment trust focused
on increasing unitholder value through the acquisition, ownership
and management of industrial, office and retail properties located
in primary and secondary markets in North
America. The REIT currently owns a portfolio of 70
properties comprising approximately 3.8 million square feet of
rentable area. The REIT has approximately 101,610,000 units issued
and outstanding. Additionally, there are Class B LP units of
subsidiary limited partnerships of Nexus REIT issued and
outstanding, which are convertible into approximately 18,236,000
REIT units.
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of
this release.
SOURCE Nexus Real Estate Investment Trust
