/NOT FOR DISTRIBUTION TO
At the Meeting, Unitholders voted in favour of a resolution (the "Transaction Resolution") approving the indirect acquisition of the Fund's portfolio of three multi-family properties totaling 1,193 suites located in the southern
The Transaction Resolution was approved by the affirmative vote of approximately 99.91% of all votes represented at the Meeting, and by approximately 99.87% of the votes cast by disinterested Unitholders represented at the Meeting.
The Fund has obtained required consents from its lenders with respect to the Transaction and the Transaction is expected to be completed on or around
About
The Fund is a limited partnership formed under the Limited Partnerships Act (
For the Fund's complete consolidated financial statements and management's discussion and analysis ("MD&A") for the fiscal quarter ended
Forward-looking Statements
This press release contains forward-looking statements and information relating to expected future events, including statements regarding the closing of the Transaction. Such forward-looking information is typically indicated by the use of words such as "will", "may", "expects" or "intends".
The forward-looking statements and information contained in this press release include, without limitation, statements regarding the Transaction and the expected timing for closing of the Transaction. Such forward-looking information and statements involve risks and uncertainties and are based on Fund management's current expectations, intentions and assumptions in light of its understanding of relevant current circumstances. If unknown risks arise, or if any of the assumptions underlying the forward-looking statements prove incorrect, actual results may differ materially from management expectations as projected in such forward-looking statements. Examples of such risks and uncertainties include, but are not limited to, the occurrence of any event, change or other circumstances that could give rise to the termination of the acquisition agreement in respect of the Transaction; the outcome of any legal proceedings that may be instituted against the Fund related to such acquisition agreement; the inability to complete the Transaction due to the failure to satisfy the conditions to closing of the Transaction; and other risk factors described in the Fund's continuous disclosure materials from time to time, available on SEDAR at www.sedar.com. Accordingly, although the Fund believes that the anticipated future results, performance or achievements expressed or implied by the forward-looking statements and information are based upon reasonable assumptions and expectations, the reader should not place undue reliance on forward-looking statements and information. The Fund disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, unless required by applicable law.
Neither the
SOURCE
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