ROI Canadian Real Estate Fund Announces The Completion Of The Mandatory Market Repurchase Program
TORONTO, Jan. 23, 2013 /CNW/ - ROI Canadian Real Estate Fund (TSX: RIR.UN) (the "Fund") announced the completion today of its mandatory market repurchase program with the purchases of Class A units made earlier today.
The Fund repurchased 218,966 Class A units today representing approximately 1.11% of its initial public float and, cumulatively with the Class A units repurchased since December 7, 2012, has now repurchased 4,435,466 Class A units representing 22.47% of its initial public float, which completes the Fund's mandatory market repurchase program.
Certain statements included in this news release constitute
forward-looking statements. The forward-looking statements are not
historical facts but reflect current expectations regarding future
results or events. These forward-looking statements are subject to a
number of risks and uncertainties that could cause actual results or
events to differ materially from current expectations and, accordingly,
readers are cautioned not to place undue reliance on such statements
due to the inherent uncertainty therein. Return On Innovation Advisors
Ltd. undertakes no obligation to update publicly or otherwise revise
any forward looking statement whether as a result of new information,
future events or other such factors which affect this information,
except as required by law. Investment funds are not covered by the
Canada Deposit Insurance Corporation or by any other government deposit
insurer. There is no guarantee that an investment in the Fund will earn
any positive return in the short or long term nor is there any
guarantee that the Fund's investment objective will be achieved or that
the net asset value per unit will appreciate or be preserved.
SOURCE ROI Capital

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