The Purchaser is the founder and sponsor of the REIT and a significant unitholder of the REIT, currently holding more than a 10% interest in the REIT's issued and outstanding units. As such, by virtue of the relationship between the REIT and the Purchaser, the Sabliere Sale could be considered a 'related party transaction' pursuant to Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions ('MI 61-101'). To be approved, the Sabliere Sale Resolution must receive the affirmative vote of not less than a majority of the votes cast thereon by unitholders at the Special Meeting (other than certain excluded unitholders as required by MI 61-101). For clarity, the Sabliere Sale Agreement has not yet been entered into and will only be entered into upon the REIT receiving minority approval of the unitholders at the Special Meeting. Unitholders will receive further details about the Sabliere Sale and instructions on how to vote in a management information circular to be delivered in advance of the Special Meeting
About Inovalis REIT
Inovalis REIT is a real estate investment trust listed on the
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Forward-looking Statements
This press release may contain forward-looking information within the meaning of applicable securities laws, which reflects the REIT's current expectations regarding future events. In some cases, but not necessarily in all cases, forward-looking statements can be identified by the use of forward looking terminology such as 'plans', 'targets', 'expects' or 'does not expect', 'is expected', 'an opportunity exists', 'is positioned', 'estimates', 'intends', 'assumes', 'anticipates' or 'does not anticipate' or 'believes', or variations of such words and phrases or state that certain actions, events or results 'may', 'could', 'would', 'might', 'will' or 'will betaken', 'occur' or 'be achieved'. In addition, any statements that refer to expectations, projections or other characterizations of future events or circumstances contain forward-looking statements.
Forward-looking statements are not historical facts, nor guarantees or assurances of future performance but instead represent management's current beliefs, expectations, estimates and projections regarding future events and operating performance. Forward-looking information is based on a number of assumptions and is subject to a number of risks and uncertainties, many of which are beyond the REIT's control, which could cause actual results and events to differ materially from those that are disclosed in or implied by such forward-looking information. Such risks and uncertainties include, but are not limited to, the factors discussed under 'Risk Factors' in the REIT's most recent annual information form. The REIT does not undertake any obligation to update such forward-looking information, whether as a result of new information, future events or otherwise, except as expressly required by applicable law.
Contact:
Chair of the Investment Committee of the Board
mbonneveld@inovalis.com
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