First Asset REIT Income Fund

First Asset REIT Income Fund
First Asset

First Asset

July 28, 2009 08:55 ET

First Asset REIT Income Fund Announces Closing of Warrant Offering

TORONTO, ONTARIO--(Marketwire - July 28, 2009) - First Asset REIT Income Fund (TSX:RIT.UN) is pleased to announce the closing of its warrant offering. The fund issued an aggregate of 9,678,750 Units (at $7.00 per Unit) for gross proceeds of approximately $67.8 million. As at the close of business on July 27, 2009, the fund's net asset value per unit was $7.65 per Series A Unit and its closing trading price was $7.12 per Series A Unit.

The net proceeds of the warrant offering will provide the fund with additional capital that can be used to take advantage of attractive investment opportunities. The completion of the warrant offering is also expected to increase the trading liquidity of the units and reduce the ongoing management expense ratio of the fund.

For further information, please contact your financial advisor, call First Asset's investor relations line at 416-642-1289 (toll-free at 1-877-642-1289) or visit our website at

Contact Information

  • First Asset
    Investor Relations
    416-642-1289 (toll-free at 1-877-642-1289)