Edition:
India

Pure Multi-Family REIT LP (RUF_u.TO)

RUF_u.TO on Toronto Stock Exchange

10.06CAD
23 Aug 2019
Change (% chg)

$0.00 (+0.00%)
Prev Close
$10.06
Open
$10.06
Day's High
$10.15
Day's Low
$10.06
Volume
134,036
Avg. Vol
317,966
52-wk High
$10.20
52-wk Low
$7.58

Latest Key Developments (Source: Significant Developments)

Pure Multi-Family Announces Update To "Go Shop" Process, Sets Date For Special Meeting
Thursday, 8 Aug 2019 

Aug 7 (Reuters) - Pure Multi-Family REIT LP ::PURE MULTI-FAMILY ANNOUNCES UPDATE TO THE "GO SHOP" PROCESS AND SETS DATE FOR SPECIAL MEETING.CORTLAND WILL ACQUIRE AT CLOSING ALL OF OUTSTANDING CLASS A UNITS OF PURE MULTI-FAMILY FOR US$7.61 PER UNIT.FINANCIAL ADVISOR ADVISED BOARD NO SUPERIOR PROPOSALS HAVE BEEN RECEIVED; "GO SHOP" PERIOD ENDS ON SUNDAY, AUGUST 11.BOARD HAS SET WEDNESDAY, SEPTEMBER 18, 2019 AS DATE TO HOLD SPECIAL MEETING AT WHICH UNITHOLDERS TO BE ASKED TO APPROVE DEAL.A 25-DAY "GO SHOP" PERIOD ALLOWED CO TO PROACTIVELY SOLICIT POTENTIAL SUPERIOR PROPOSALS WITH US$9.5 MILLION TERMINATION FEE.  Full Article

Pure Multi-Family To Be Acquired By Cortland For US$7.61 In Cash Per Unit In A US$1.2 Bln Deal
Friday, 19 Jul 2019 

July 18 (Reuters) - Pure Multi-Family REIT LP ::PURE MULTI-FAMILY TO BE ACQUIRED BY CORTLAND FOR US$7.61 IN CASH PER UNIT IN A US$1.2 BILLION TRANSACTION WITH A 25 DAY "GO SHOP" PERIOD.PURE MULTI-FAMILY REIT - DEAL IS FULLY FINANCED, NOT SUBJECT TO DUE DILIGENCE, AND BACKSTOPPED BY CORTLAND WITH A US$50 MILLION REVERSE TERMINATION FEE.PURE MULTI-FAMILY REIT LP - BOARD OF DIRECTORS OF PURE MULTI-FAMILY, EXCLUDING CEO, ARE RECOMMENDING THAT UNITHOLDERS VOTE IN FAVOUR OF TRANSACTION.  Full Article

American Landmark/Electra America Calls On Pure Multi-Family REIT To Negotiate
Tuesday, 9 Jul 2019 

July 8 (Reuters) - Pure Multi-Family REIT LP ::AMERICAN LANDMARK/ELECTRA AMERICA AGAIN CALLS ON PURE MULTI-FAMILY REIT TO NEGOTIATE.AMERICAN LANDMARK/ELECTRA AMERICA AGAIN CALLS ON PURE MULTI-FAMILY REIT TO NEGOTIATE.AMERICAN LANDMARK/ELECTRA AMERICA - DELIVERED LETTER TO ROBERT KING, PURE'S CHAIRMAN OF BOARD OF DIRECTORS.ALEA - CALL ON PURE MULTI-FAMILY REIT TO PUBLICLY CONFIRM DATE ON WHICH "EXCLUSIVITY PERIOD" WITH "ARM'S LENGTH THIRD PARTY" TERMINATES BY ITS TERMS.  Full Article

Pure Multi-Family REIT Reports Quarterly FFO Per Class A Unit Of $0.09
Friday, 8 Mar 2019 

March 7 (Reuters) - Pure Multi-Family REIT LP ::QTRLY FFO PER CLASS A UNIT $0.09.QTRLY AFFO PER CLASS A UNIT $0.09.QTRLY TOTAL RENTAL REVENUE $27.6 MILLION VERSUS $26.2 MILLION.  Full Article

Pure Multi-Family Announces Termination Of Sale Process
Friday, 24 Aug 2018 

Aug 24 (Reuters) - Pure Multi-Family REIT LP ::PURE MULTI-FAMILY ANNOUNCES TERMINATION OF SALE PROCESS.PURE MULTI-FAMILY REIT LP - 86 PARTIES WERE CONTACTED IN SALE PROCESS OUT OF WHICH 24 PARTIES EXECUTED NON-DISCLOSURE AGREEMENTS.PURE MULTI-FAMILY REIT - SPECIAL COMMITTEE OF INDEPENDENT DIRECTORS TERMINATED FORMAL PROCESS TO EXPLORE POTENTIAL SALE OF REIT ANNOUNCED ON APRIL 5.PURE MULTI-FAMILY REIT- 2 POTENTIAL BIDDERS SUBMITTED PROPOSALS AT END OF PHASE 1 , HIGHEST OF WHICH WAS $7.71 PER UNIT &NOT CONDITIONAL ON FINANCING.  Full Article

Pure Multi-Family Reit announces $59 mln property acquisition in Phoenix, Arizona
Tuesday, 24 Oct 2017 

Oct 23 (Reuters) - Pure Multi-family Reit Lp ::Pure multi-family reit lp announces us$59.0 million property acquisition in phoenix, arizona.  Full Article