The Toronto Stock Exchange reports that GO Residential Real Estate Investment Trust will be listed at 5:01 p.m. on July 30, 2025, for trading at the open on July 31, 2025. According to the TSX, there will be 33,396,667 units of the REIT issued and outstanding, and 29,237,650 units reserved for issuance. The units will trade under the symbol GO.U, in U.S. dollars and with Cusip No. 36272H 10 7.

The TSX reports that the units commenced trading on an if, as and when-issued basis on July 25, 2025. Subject to the closing of the initial public offering (as described below) occurring as scheduled before the open on July 31, 2025, trading on an if, as and when-issued basis will conclude at the close of business on July 30, 2025, unless the closing of the offering has been delayed. The temporary market-maker is Integral Wealth Securities Ltd.

According to the TSX, the REIT has been formed to provide investors with an opportunity to invest in luxury high-rise multifamily properties (LHRs) located in the New York metropolitan area and other major metropolitan cities in the United States. The REIT will initially indirectly own and operate a portfolio of five LHRs, consisting of a total of 2,015 luxury suites located in the borough of Manhattan, N.Y.

The REIT intends to adopt a distribution policy, as permitted under the declaration of trust, pursuant to which OpCo will make monthly cash distributions to OpCo unitholders, with the REIT distributing its share of the distribution to the unitholders, and initially equal to, on an annual basis, approximately 65 per cent of the REIT's estimated adjusted funds from operations during the period from July 1, 2025, to June 30, 2026. The REIT's transfer agent and registrar is Computershare Investor Services Inc. at its principal office in Toronto, Ont., and its fiscal year-end is Dec. 31.

As stated in the REIT's prospectus dated July 24, 2025, CIBC World Markets Inc., BMO Nesbitt Burns Inc., Merrill Lynch Canada Inc., RBC Dominion Securities Inc., National Bank Financial Inc., Scotia Capital Inc., Desjardins Securities Inc., Canaccord Genuity Corp. and BTIG LLC are offering to the public 27.34 million units at a price of $15 (U.S.) per unit, for gross proceeds of approximately $410.1-million (U.S.) (assuming the overallotment option is not exercised), in an initial public offering. In addition, the REIT has granted to the underwriters an overallotment option pursuant to which the underwriters may purchase up to an additional 4,101,000 units at the same price.

Concurrently with the offering, funds, accounts and/or investment vehicles managed by Cohen & Steers Capital Management Inc. (collectively, the cornerstone investor) will purchase six million units on a private placement basis at the offering price, for total gross proceeds of approximately $90-million (U.S.). In the event that the overallotment option is exercised in full, the cornerstone investor may, at its option, purchase up to 900,000 additional units, exercisable for up to 30 days after the closing date of the offering.

For more information, see the TSX bulletins dated July 22, 2025, and July 25, 2025.