Slate Retail REIT (SRT.UN) announces C$65 mln bought deal equity offering
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Thread: Slate Retail REIT (SRT.UN) announces C$65 mln bought deal equity offering

  1. #1
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    Slate Retail REIT (SRT.UN) announces C$65 mln bought deal equity offering

    as per CIBC
    BRIEF-Slate Retail REIT announces C$65 mln bought deal equity offering
    Jan 11 (Reuters) - Slate Retail Reit
    * Slate Retail REIT announces c$65 million bought deal equity offering and c$5 million private placement
    * Slate Retail REIT says proceeds of public offering and private placement will be used to reduce outstanding indebtedness under reit's credit facility
    * Slate Retail REIT - has entered into an agreement to sell 4.5 million class U units of reit to a syndicate of underwriters, at a price of c$14.35 per unit Source text for Eikon: Further company coverage:
    Curious how I can buy SRT.UN for $14.35? Don't see any options on IE website....

    In New offers section found
    Issuer: Slate Retail REIT IPO Type: Equity Issue: Trust Units Rating: Use of Proceeds: Refer to prospecuts Price Range: $14.35 CAD Redemption: Refer to prospecuts Conversion Option: Refer to prospecuts Status: Open Settlement Date: Jan 20, 2017 RRSP Eligible: Yes Additional Features: Refer to prospecuts Company Description: Refer to prospecuts
    but again don't understand how I can subsribe

    Last edited by gibor365; 2017-01-11 at 04:22 PM.

  2. #2
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    Depends on whether your brokerage offers IPO 'expressions of interest' to you or not. Certain brokerages do that (and some don't) and/or some only do it for 'premium' clients. I've always been on the iTrade and RBC list and got emails today saying it is now available. I have only bitten on a few IPOs (they generally are not worth it, i.e. the stock often trades down from offering price at some point).

  3. #3
    Senior Member kcowan's Avatar
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    I used to have 3 brokerage accounts so I could get in on IPOs. Usually could sell within a week to make a nice profit. Now I am retired and do dividend investing so I closed 2 of the accounts.


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