Exchange Bulletin
GO Residential Real Estate Investment Trust (GO.U) To Trade On Toronto Stock Exchange
July 31, 2025
| Issuer: | GO Residential Real Estate Investment Trust (the "REIT") |
| Security: | Trust units (the "Units") |
| Symbol: | GO.U |
| Issuer price per security: | US$15.00 |
| Trading currency: | US$ |
| Number of securities issued and outstanding: | 33,396,667 |
| Number of securities reserved for issuance: | 29,237,650 |
| Listing category: | Industrial, Exempt |
| Transaction: | Initial public offering of Units (the "Offering") |
| Listing date: | July 30, 2025 (as at 5:01 p.m.) in anticipation of closing of the Offering. |
| Anticipated closing date: | July 31, 2025 (prior to the opening) |
| Posted for trading date: | July 31, 2025 (at the opening) subject to confirmation of closing of the Offering. |
| End of trading on an "if, as and when issued" basis: | The Units commenced trading on TSX on an "if, as and when issued" basis on Friday, July 25, 2025. Subject to the closing of the Offering occurring as scheduled prior to the opening of business on Thursday, July 31, 2025, trading on an "if, as and when issued" basis will conclude at the close of business on Wednesday, July 30, 2025, unless the closing of the Offering has been delayed. |
| Temporary market maker: | Integral Wealth Securities Limited |
| Other markets: | None |
| Investor relations: | Max Kaufman Chief Operating Officer, General Counsel and Corporate Secretary max@gopartners.com 516-776-4666 |
| Incorporation: | The REIT is an unincorporated, open-ended real estate investment trust established pursuant to the Declaration of Trust dated June 13, 2025 under the laws of the Province of Ontario. |
| Fiscal year end: | December 31 |
| Nature of business: | The REIT has been formed to provide investors with an opportunity to invest in luxury high-rise multifamily properties ("LHRs") located in the New York metropolitan area and other major metropolitan cities in the United States. The REIT will initially indirectly own and operate a portfolio of five LHRs, consisting of a total of 2,015 luxury suites located in the borough of Manhattan, New York. |
| Transfer agent and registrar: | Computershare Investor Services Inc. at its principal office in Toronto, Ontario. |
| Distributions: | The REIT intends to adopt a distribution policy, as permitted under the Declaration of Trust, pursuant to which OpCo will make monthly cash distributions to OpCo Unitholders, with the REIT distributing its share of the distribution to the Unitholders, and initially equal to, on an annual basis, approximately 65% of the REIT's estimated adjusted funds from operations during the period from July 1, 2025 to June 30, 2026. |
| Sponsorship: | Not applicable |
| Disclosure document: | The REIT's prospectus dated July 24, 2025 (the "Prospectus"), which is available at www.sedarplus.ca. Capitalized terms not otherwise defined herein are as defined in the disclosure document. |
| Initial public offering: | Pursuant to the terms of the Prospectus, CIBC World Markets Inc., BMO Nesbitt Burns Inc., Merrill Lynch Canada Inc., RBC Dominion Securities Inc., National Bank Financial Inc., Scotia Capital Inc., Desjardins Securities Inc., Canaccord Genuity Corp. and BTIG, LLC (collectively, the "Underwriters") are offering to the public 27,340,000 Units at a price of US$15.00 per Unit (the "Offering Price"), for gross proceeds of approximately US$410,100,000 (assuming the over-allotment option is not exercised). In addition, the REIT has granted to the Underwriters an over-allotment option (the "Over-Allotment Option") pursuant to which the Underwriters may purchase up to an additional 4,101,000 Units at the Offering Price. |
| Concurrent private placement: | Concurrently with the Offering, funds, accounts and/or investment vehicles managed by Cohen & Steers Capital Management, Inc. (collectively, the "Cornerstone Investor"), will purchase 6,000,000 Units on a private placement basis at the Offering Price, for total gross proceeds of approximately US$90,000,000. In the event that the Over-Allotment Option is exercised in full, the Cornerstone Investor may, at its option, purchase up to 900,000 additional Units, exercisable for up to 30 days after the closing date of the Offering. |
| Additional information: | The Units will be quoted and traded on TSX in US funds and trading information regarding the Units will appear under the heading "Trading in US Funds" in the TSX Monthly Review. Please refer to TSX Bulletins 2025-0605 dated July 22, 2025 and 2025-0612 dated July 25, 2025. |
| TSX contact: | Selma Thaver, Managing Director, TSX Listings |