TORONTO, April 23, 2020 /CNW/ - Credit Suisse Securities (Canada), Inc. ("CSSC") announces that it acquired 100 trust units ("Units") in the capital of Northview Apartment Real Estate Investment Trust (TSX: "NVU.UN") (the "Issuer") on April 23, 2020, which represents approximately 0.000001% of the issued and outstanding Units of the Issuer. Immediately following the acquisition, CSSC held 6,706,984 Units of the Issuer, which represents approximately 10.0001% of the issued and outstanding Units of the Issuer.
CSSC acquired the 100 Units through the Toronto Stock Exchange for hedging and other investment purposes in the normal course of its business and not with the purpose of influencing the control or direction of the Issuer. CSSC holds the Units as principal and is the sole beneficial owner of the Units. Additionally, the decision on whether/how to vote the Units is made solely by CSSC. CSSC may in the future, subject to market conditions, make additional investments in or dispositions of the Issuer's securities for hedging and other investment purposes. CSSC does not intend to acquire 20% or more of the outstanding securities of the Issuer.
This news release is issued by CSSC pursuant to National Instrument 62‐104 Take‐Over Bids and Issuer Bids. CSSC will file a news release and an associated report in respect of this acquisition with the applicable Securities Commission or Securities Regulator in each jurisdiction in which the Issuer is a reporting issuer.
Credit Suisse Securities (Canada), Inc.
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Credit Suisse AG
Credit Suisse AG is one of the world's leading financial services providers and is part of the Credit Suisse group of companies (referred to here as 'Credit Suisse'). Our strategy builds on Credit Suisse's core strengths: its position as a leading wealth manager, its specialist investment banking capabilities and its strong presence in our home market of Switzerland. We seek to follow a balanced approach to wealth management, aiming to capitalize on both the large pool of wealth within mature markets as well as the significant growth in wealth in Asia Pacific and other emerging markets, while also serving key developed markets with an emphasis on Switzerland. Credit Suisse employs approximately 47,860 people. The registered shares (CSGN) of Credit Suisse AG's parent company, Credit Suisse Group AG, are listed in Switzerland and, in the form of American Depositary Shares (CS), in New York. Further information about Credit Suisse can be found at www.credit-suisse.com.
SOURCE Credit Suisse Securities (Canada), Inc.