Sun Residential REIT closes IPO and private placement

September 30, 2019

On August 9, 2019, Sun Residential Real Estate Investment Trust (“Sun”) completed its initial public offering of 5,000,000 trust units issued at $0.10 per unit, and a concurrent private placement of 40,000,000 trust units issued at $0.10 per unit, resulting in aggregate gross proceeds of $4,500,000.

Sun is a capital pool company pursuant to Policy 2.4 of the TSX Venture Exchange (TSX-V).

Miller Thomson advised Sun with a team led by Adam Kline (Capital Markets & Securities), and comprised of Phil Long, Mack Hosseinian, Erin Elias and Abid Ahmed (Corporate/M&A), and Neil Gurmukh (Tax).