WINNIPEG, March 31, 2017 /CNW/ - Lanesborough Real
Estate Investment Trust ("LREIT") (TSX: LRT.UN) announced
today its intention to transition the listing of its outstanding
trust units and Series G debentures from the Toronto Stock Exchange
(TSX) to the TSX Venture Exchange (TSXV) or other stock exchange in
Canada.
LREIT no longer meets the continued listing requirements of the
TSX and management of LREIT does not anticipate that it will meet
such continued listing requirements in the foreseeable
future.
LREIT expects that its trust units and Series G debentures will
continue to be listed on the TSX until the listings are
transitioned to the TSXV or another stock exchange in Canada.
There is no assurance that the trust units and/or Series G
debentures will be granted approval to list on another stock
exchange in Canada.
ABOUT LREIT
LREIT is a real estate investment trust,
which is listed on the Toronto Stock Exchange under the symbols
LRT.UN (Trust Units) and LRT.DB.G (Series G Debentures). For
further information on LREIT, please visit our website at
www.lreit.com.
This press release contains certain statements that could be
considered as forward-looking information. The
forward-looking information is subject to certain risks and
uncertainties, which could result in actual results differing
materially from the forward-looking statements.
The Toronto Stock Exchange has not reviewed or approved the
contents of this press release and does not accept responsibility
for the adequacy or accuracy of this press release.
SOURCE Lanesborough Real Estate Investment Trust