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Acquisition of Units of Primaris Retail Real Estate Investment Trust


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 reporting issuer.

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 +1-212-325-2590, jack.grone@credit-suisse.com

SOURCE: Credit Suisse Securities (Canada)

To view this news release in HTML formatting, please use the following URL: http://www.newswire.ca/en/releases/archive/February2013/13/c5487.html

CO: Credit Suisse Securities (Canada) ST: Ontario NI: MNA

-0- Feb/13/2013 23:42 GMT

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