Acquisition of Units of Primaris Retail Real Estate Investment Trust
TORONTO, Feb. 13, 2013 /CNW/ - Credit Suisse Securities (Canada), Inc.
("CSSC") announces that it acquired 225,000 units ("Units") of Primaris Retail
Real Estate Investment Trust ("Primaris") on February 13, 2013, which
represents approximately 0.22% of the issued and outstanding Units of
Primaris. Immediately following the acquisition, CSSC held 10,059,485 Units
of Primaris, which represents approximately 10.02% of the issued and
outstanding Units of Primaris.
CSSC acquired the Units through the Toronto Stock Exchange for hedging and
other investment purposes in the normal course of its business and not with
the purpose of influencing the control or direction of Primaris. CSSC holds
the Units as principal and is the sole beneficial owner of the Units.
Additionally, the decision on whether/how to vote the Units is made solely by
CSSC (i.e., there is no influence from, nor any solicitation of the voting
preferences of, third parties). CSSC may in the future, subject to market
conditions, make additional investments in or dispositions of Primaris'
securities for hedging and other investment purposes. However, CSSC does not
intend to acquire 20% or more of the outstanding securities of Primaris.
This press release is issued by CSSC pursuant to section 102.1 of the
Securities Act (Ontario) and National Instrument 62-103 The Early Warning
System and Related Take-Over Bid and Insider Reporting Issues ("NI 62-103").
CSSC will file a press release and early warning report, in accordance with NI
62-103, in respect of this acquisition with the applicable Securities
Commission or Securities Regulator in each jurisdiction in which Primaris is a
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- Feb/13/2013 23:42 GMT
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