Nexus REIT Establishes At-The-Market Fairness Program

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/NOT FOR DISTRIBUTION TO U.S. NEWS SERVICES OR
DISSEMINATION IN THE UNITED STATES/

TORONTO and MONTREAL, Sept. 24, 2021 (GLOBE NEWSWIRE) — Nexus Actual Property Funding Belief (TSX: NXR.UN) (“Nexus” or the “REIT”) introduced immediately that it has established a $50 million at-the-market fairness program (the “ATM Program”).

The ATM Program permits the REIT to situation, at its discretion, as much as $50,000,000 of belief items of the REIT (the “REIT Items”) to the general public sometimes. Distributions of REIT Items pursuant to the ATM Program, if any, will likely be made in accordance with the phrases of an fairness distribution settlement dated September 24, 2021 (the “Fairness Distribution Settlement”) among the many REIT, BMO Capital Markets and Desjardins Capital Markets. Items offered beneath the ATM Program will likely be offered straight on the Toronto Inventory Change, or such different acknowledged marketplaces to the extent permitted, at prevailing market costs on the time of sale. The ATM Program will likely be efficient till August 17, 2023, except beforehand terminated beneath phrases of the Fairness Distribution Settlement. The REIT intends to make use of the web proceeds from REIT Items offered beneath the ATM Program, if any, to fund acquisitions, repay indebtedness, to fund improvement investments and for basic working capital functions.

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The quantity and timing of distributions beneath the ATM Program, if any, will likely be decided on the REIT’s sole discretion. Because the REIT Items distributed pursuant to the ATM Program will likely be distributed to the general public at prevailing market costs on the time of sale, costs could differ amongst purchasers and through the interval of distribution.

The ATM program has been established pursuant to a prospectus complement dated September 24, 2021 (the “Prospectus Complement”) to the REIT’s brief kind base shelf prospectus dated July 16, 2021 (the “Base Shelf Prospectus”). Additional particulars of the ATM Program are set out within the Prospectus Complement. The Prospectus Complement, Base Shelf Prospectus and Fairness Distribution Settlement can be found on SEDAR at www.sedar.com.

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This press launch doesn’t represent a proposal to promote or the solicitation of a proposal to purchase, nor shall there be any sale of the securities in any jurisdiction by which such provide, solicitation or sale can be illegal. The REIT Items haven’t been, nor will they be, registered beneath the USA Securities Act of 1933, as amended, (the “1933 Act”) and will not be supplied, offered or delivered, straight or not directly, in the USA, or to, or for the account or good thing about, “U.S. individuals” (as outlined in Regulation S beneath the 1933 Act), besides pursuant to an exemption from the registration necessities of the 1933 Act.

About Nexus REIT

Nexus is a growth-oriented actual property funding belief targeted on growing unitholder worth via the acquisition of commercial properties positioned in major and secondary markets in Canada and doubtlessly together with the USA, and the possession and administration of its portfolio of properties. The REIT presently owns a portfolio of 90 properties comprising roughly 6.8 million sq. toes of gross leasable space. The REIT has roughly 43,795,000 Items issued and excellent. Moreover, there are Class B LP Items of subsidiary restricted partnerships of Nexus issued and excellent, that are convertible into roughly 16,400,000 Items.

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Ahead Trying Statements

Sure statements contained on this information launch represent forward-looking statements which mirror the REIT’s present expectations and projections about future outcomes. Usually, however not at all times, forward-looking statements will be recognized by means of phrases resembling “plans”, “expects” or “doesn’t count on”, “is predicted”, “estimates”, “intends”, “anticipates” or “doesn’t anticipate”, or “believes”, or variations of such phrases and phrases or state that sure actions, occasions or outcomes “could”, “might”, “would”, “would possibly” or “will” be taken, happen or be achieved. Ahead-looking statements contain identified and unknown dangers, uncertainties and different elements which can trigger the precise outcomes, efficiency or achievements of the REIT to be materially totally different from any future outcomes, efficiency or achievements expressed or implied by the forward-looking statements. Precise outcomes and developments are prone to differ, and should differ materially, from these expressed or implied by the forward-looking statements contained on this information launch. Such forward-looking statements are primarily based on a variety of assumptions that will show to be incorrect.

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Whereas the REIT anticipates that subsequent occasions and developments could trigger its views to alter, the REIT particularly disclaims any obligation to replace these forward-looking statements besides as required by relevant regulation. These forward-looking statements shouldn’t be relied upon as representing the REIT’s views as of any date subsequent to the date of this information launch. There will be no assurance that forward-looking statements will show to be correct, as precise outcomes and future occasions might differ materially from these anticipated in such statements. Accordingly, readers shouldn’t place undue reliance on forward- trying statements. The elements recognized above are usually not supposed to symbolize a whole record of the elements that might have an effect on the REIT.

For additional data please contact:

Kelly Hanczyk, CEO at (416) 906-2379; or
Rob Chiasson, CFO at (416) 613-1262.