Retrocom Mid-Market Real Estate Investment Trust will list 10,959,500 subscription receipts on the Toronto Stock Exchange at the open on Monday, May 27, 2013, according to the TSX. As in a May 13, 2013, short form prospectus, Retrocom plans to sell 9.53 million subscription receipts to the public at $5.25 each, raising $50,032,500. It has granted the underwriters an overallotment option to buy up to 1,429,500 more subscription receipts at the same price for 30 days from the closing of the offering. The trust plans to use the money raised to partially finance the acquisition of a portfolio of 12 properties from First Capital Realty Inc. for $193-million. On closing of the acquisition each subscription receipt will be exchanged for a unit of the trust for no further consideration.
The TSX reports the subscription receipts will trade under the symbol RMM.R and Cusip No. 761298 11 6.
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