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PROREIT COMPLETES $35 MILLION BOUGHT DEAL PUBLIC OFFERING OF CONVERTIBLE DEBENTURES

Newswire.ca - Fri May 26, 2023

/NOT FOR DISSEMINATION IN THE UNITED STATES OR DISTRIBUTION THROUGH UNITED STATES NEWS OR WIRE SERVICES/

MONTREAL, May 26, 2023 /CNW/ - PRO Real Estate Investment Trust ("PROREIT" or the "REIT") (TSX: PRV.UN) announced today that it has completed its previously announced bought deal public offering of $35 million aggregate principal amount of 8.00% convertible unsecured subordinated debentures (the "Debentures") due June 30, 2028 at a price of $1,000 per Debenture (the "Offering").

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Provided Content: Content provided by Newswire.ca. The Globe and Mail was not involved, and material was not reviewed prior to publication.

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