Exchange Bulletin

European Residential Real Estate Investment Trust (ERE.UN) To Trade On Toronto Stock Exchange

July 3, 2020
Issuer: European Residential Real Estate Investment Trust (the "REIT")
Security: Trust Units
Symbol(s): ERE.UN
Number of securities issued and outstanding: 88,604,242
Number of securities reserved for issuance: 176,637,580
Listing category: Industrial, Exempt Issuer
Trading currency: CDN$
Listing and posted for trading date: July 7, 2020 (at the opening)
Other market(s): The Trust Units have been listed on the TSX Venture Exchange ("TSXV") since January 31, 2017 under the symbol "ERE.UN". The Trust Units will be delisted from the TSXV on July 7, 2020, upon commencement of trading on the Toronto Stock Exchange.
Designated market maker: Citadel Securities Canada ULC
Investor relations: Philip Burns
Chief Executive Officer

-and -

Scott Cryer
Chief Financial Officer
Incorporation: The REIT is an unincorporated, open-ended real estate investment trust established under the laws of the Province of Ontario pursuant to the fourth amended and restated declaration of trust dated April 28, 2020.
Fiscal year end: December 31
Nature of business: The REIT is Canada's only European-focused multi-residential REIT, with a current initial focus on investing in high-quality multi-residential real estate properties in the Netherlands. The REIT owns a portfolio of 131 multi-residential properties, comprised of 5,632 suites and ancillary retail space located in the Netherlands, and owns one office property in Germany and one office property in Belgium.
Transfer agent and registrar: TSX Trust Company at its principal office in Toronto.
Distributions: Subject to the ongoing discretion of the Board, the distribution policy of the REIT is to make regular monthly distributions, targeting an AFFO payout ratio in the range of 80% to 90%. Distributions are determined by the Board. All declared distributions are due and payable on or about the 15th day of each month. Distributions are made in cash or Trust Units pursuant to any distribution reinvestment plan.
Sponsorship: Not applicable.
TSX contact: Chris Birkett,
Managing Director,
Toronto Stock Exchange.