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BRIEF-Milestone Apartments REIT, unit announce an increase to previously announced secondary offering

Published 2016-03-23, 09:51 a/m
© Reuters.  BRIEF-Milestone Apartments REIT, unit announce an increase to previously announced secondary offering
MST_u
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March 23 (Reuters) - Milestone Apartments REIT MST_u.TO
* Says previously announced secondary offering by MileSouth
has been increased to 10 million trust units of REIT
* Milestone Apartments REIT and MileSouth Apartment
Portfolio LP announce an increase to previously announced
secondary bought deal equity offering
* Units will be sold by MileSouth at a price of
C$16.50/unit, on a bought deal basis, for gross proceeds of
about C$165 million
* Says upon completion of offering, expects that MileSouth
will own approximately 2.4% ownership interest in reit

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Further company coverage: MST_u.TO

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