Credit Suisse Securities (Canada), Inc. - Acquisition of Units of Primaris
Retail Real Estate Investment Trust
TORONTO, Jan. 18, 2013 /CNW/ - Credit Suisse Securities (Canada), Inc.
("CSSC") announces that it acquired 183,100 units ("Units") of Primaris Retail
Real Estate Investment Trust ("Primaris") on January 18, 2012, which
represents approximately 0.18% of the issued and outstanding Units of
Primaris. Immediately following the acquisition, CSSC held 10,039,271 Units
of Primaris, which represents approximately 10.00% of the issued and
outstanding Units of Primaris.
As of January 18, 2013, CSSC acquired beneficial ownership of 5,350,382 Units
of Primaris since KS Acquisition II LP, a limited partnership equally owned
beneficially by a KingSett Capital-managed fund and by Ontario Pension Board,
formally launched its offer to purchase all of the outstanding Units of
Primaris on December 10, 2012.
CSSC acquired the Units through the Toronto Stock Exchange to offset risk as
part of a broader client transaction and not with the purpose of influencing
the control or direction of Primaris. CSSC may in the future, subject to
market conditions, make additional investments in or dispositions of Primaris'
securities for purposes of managing risk.
This press release is issued by CSSC pursuant to section 102.2 of the
Securities Act (Ontario),
OSC Rule 62-504 Take-Over Bids and Issuer Bids and Multilateral Instrument
62-104 Take-Over Bids and Issuer Bids. CSSC will file a press release and
early warning report, in accordance with National Instrument 62-103 The Early
Warning System and Related Take-Over Bid and Insider Reporting Issues, in
respect of this acquisition with the applicable Securities Commission or
Securities Regulator in each jurisdiction in which Primaris is a reporting
Credit Suisse Securities (Canada), Inc.
1 First Canadian Place
Suite 2900, P.O. Box 301 Toronto, Ontario Canada M5X 1C9
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'). As an integrated bank, Credit Suisse is able to offer
clients its expertise in the areas of private banking, investment banking and
asset management from a single source. Credit Suisse provides specialist
advisory services, comprehensive solutions and innovative products to
companies, institutional clients and high net worth private clients worldwide,
and also to retail clients in Switzerland. Credit Suisse is headquartered in
Zurich and operates in over 50 countries worldwide. The group employs
approximately 48,400 people. The registered shares (CSGN) of Credit Suisse'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.
Press Contact Jack Grone, Credit Suisse, telephone
SOURCE: Credit Suisse Securities (Canada)
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CO: Credit Suisse Securities (Canada)
-0- Jan/18/2013 22:50 GMT
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