Minto Properties will end up with a 56.8 per cent stake in its new Minto Apartment Real Estate Investment Trust after underwriters exercised their over-allotment option.
The Ottawa-based REIT, which has 22 properties totaling 4,279 suites, has seen keen interest since it started trading July 3 at an initial price of $14.50 per unit. As part of the initial public offering of 13,794,000 units at $14.50 per unit, the over-allotment option granted...
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