An anonymous trustee reports
NORTHWEST HEALTHCARE PROPERTIES REAL ESTATE INVESTMENT TRUST FILES PRELIMINARY BASE SHELF PROSPECTUS
Northwest Healthcare Properties Real Estate Investment Trust has filed a preliminary base shelf prospectus with the securities regulatory authorities in each of the provinces and territories of Canada. The prospectus has not yet become final for the purpose of the sale of securities. The REIT has filed the prospectus to maintain financial flexibility and to have the ability to offer the securities on an accelerated basis pursuant to the filing of prospectus supplements. There is no certainty any securities will be offered or sold under the final short-form base shelf prospectus.
Once receipts for the final base shelf prospectus are obtained from the applicable securities regulators, the final base shelf prospectus will be valid for a 25-month period, during which time the REIT may offer and issue, from time to time, trust units, debt securities, warrants and subscription receipts, or any combination thereof, having an aggregate offering price of up to $1-billion. Any issue of securities under the shelf prospectus will require the filing of a prospectus supplement that will include the specific terms of the securities being offered.
No securities may be sold nor may offers to buy be accepted prior to the time at which receipts for the final base shelf prospectus are obtained from the applicable securities regulators. This news release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.
About Northwest Healthcare Properties Real Estate Investment Trust
Northwest Healthcare Properties is an unincorporated, open-ended real estate investment trust established under the laws of the Province of Ontario. As at June 30, 2018, the REIT provides investors with access to a portfolio of high-quality international health care real estate infrastructure composed of interests in a diversified portfolio of 152 income-producing properties and 10.6 million square feet of gross leasable area located throughout major markets in Canada, Brazil, Europe, Australia and New Zealand. The REIT's portfolio of medical office buildings, clinics and hospitals is characterized by long-term indexed leases and stable occupancies. With a fully integrated and aligned senior management team, the REIT leverages over 180 professionals across nine offices in five countries to serve as a long-term real estate partner to leading health care operators.
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