Are you looking for a stock?
Try one of these
Loblaw Cos Ltd (L-T), Canada's largest food retailer, said its real estate investment trust raised $400 million in an initial public offering.
Choice Properties Real Estate Investment Trust (CHP.UN-T) sold 40 million units at $10.00 per unit. The units debuted below their offer price at $9.95 on the Toronto Stock Exchange.
The units were the most traded on the exchange, with more than 2 million units changing hands by 10:10 a.m. ET on Friday.
The REIT also raised $600 million through issuance of senior debentures and completed a $200 million offering to George Weston Ltd (WN-T), Loblaw's biggest shareholder.
Loblaw had said it planned to spin off real estate worth more than $7 billion into a REIT and sell units of the trust through an initial public offering in July.
The company said on Friday it sold a portfolio of 425 properties indirectly to the REIT for about $7 billion.
Choice Properties initially plans to make monthly cash distributions of $0.054167 per unit.