The Toronto Stock Exchange reports that Northview Fund has rolled back its shares on a one-new-for-1.75-old basis and changed its name to Northview Residential REIT, effective at the open on Aug. 23, 2023. The new trading symbol for the Class A units is NRR.UN (changed from NHF.UN) and the new Cusip number is 66719E 10 2.

According to the TSX, the changes are in connection with the completion of the fund's recapitalization, as defined in the fund's declaration of trust. Effective Aug. 21, 2023, the recapitalization consisted of, among other things, the acquisition of three portfolios of properties comprising over 3,300 multifamily suites and 119,000 commercial square feet, and the fund's conversion into a traditional real estate investment trust.

The TSX notes that no fractional units will be issued pursuant to the rollback. Where rollback results in a fractional unit, the number of postconsolidation units will be rounded down to the nearest whole unit in the case of a fractional interest that is less than 0.5, or rounded up to the nearest whole number in the case of a fractional interest that is 0.5 or greater. Unitholders must return the letter of transmittal together with unit certificates or direct registration statements to TSX Trust Company at its principal offices in Toronto.

For more information, see Northview's management information circular dated June 30, 2023, and its news releases dated June 12, 2023, and Aug. 21, 2023.