Choice Properties Real Estate Investment Trust Announces the Exercise in Full of the $60 Million ...

/NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES./ BRAMPTON, ON, July 15, 2013 /CNW/ - Choice Properties Real Estate Investment Trust ("Choice Properties" or the "REIT") (TSX: CHP.UN) announced today that pursuant to the underwriting agreement dated June 26, 2013 among the REIT, Loblaw Companies Limited ("Loblaw") and a syndicate of underwriters co-led by CIBC, RBC Capital Markets and TD Securities Inc., the underwriters have exercised in full their option to purchase 6,000,000 additional trust units of the REIT at a price of $10.00 per trust unit for aggregate consideration of $60 million. The closing of the...