PRO Real Estate Investment Trust (“PROREIT” or the “REIT”) (TSX: PRV.UN) is pleased to announce the closing of its previously announced public offering of trust units of the REIT (the “Units”) on a bought deal basis (the “Offering”). Pursuant to the Offering, the REIT issued 12,822,500 Units at a price of $6.50 per Unit (the “Offering Price”) for total gross proceeds of $83,346,250, including 1,672,500 Units issued pursuant to the full exercise of the over-allotment option granted to the underwriters.
Concurrently with the closing of the Offering, the REIT completed a non-brokered private placement pursuant to which it issued an aggregate of 3,693,670 Units at the Offering Price for total gross proceeds of $24,008,855 (the “Private Placement”), of which 2,924,439 Units were issued to Collingwood Investments Incorporated, a member of the Bragg Group of Companies, and 769,231 Units were issued to Parkit Enterprise Inc.
The Offering was conducted through a syndicate of underwriters including TD Securities Inc. and Scotiabank as joint bookrunners as well as BMO Nesbitt Burns Inc., National Bank Financial Inc., Canaccord Genuity Corp., CIBC World Markets Inc., RBC Dominion Securities Inc., Raymond James Ltd., Desjardins Securities Inc., iA Private Wealth Inc. and Leede Financial Inc.
The Units issued under the Offering were issued pursuant to a prospectus supplement dated June 5, 2026 (the “Prospectus Supplement”) to the REIT’s base shelf prospectus dated December 23, 2025 (the “Base Shelf Prospectus”), filed with securities regulatory authorities in all provinces and territories of Canada. A copy of the Prospectus Supplement and the Base Shelf Prospectus is available under the REIT’s profile on SEDAR+ at www.sedarplus.com.
As a result of the closing of the Offering and the Private Placement, Collingwood Investments Incorporated and Parkit Enterprise Inc. have a voting and economic interest in the REIT of approximately 17.7% (17.9% with a related party) and 9.4%, respectively.
The REIT intends to use the net proceeds from the Offering and the Private Placement to partially fund the Acquisitions (as previously announced and as defined in the Prospectus Supplement), to repay certain indebtedness some of which may be subsequently redrawn, and the balance to fund future acquisitions and for general business and working capital purposes.
For more information on the Offering, the Private Placement, PROREIT’s intended use of the net proceeds of the Offering and the Private Placement, and the Acquisitions, please refer to the Prospectus Supplement. The Acquisitions are subject to customary closing conditions, including with respect to regulatory approvals, and are expected to close in the third quarter of 2026.
The securities have not and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”), or any U.S. State securities laws and may not be offered or sold, directly or indirectly, within the United States or its territories or possessions or to or for the account of any U.S. person (as defined in Regulation S under the U.S. Securities Act) other than pursuant to an available exemption from the registration requirements of the U.S. Securities Act. This press release does not constitute an offer to sell or a solicitation of an offer to buy any such securities within the United States, or its territories or possessions, or to or for the account of any U.S. person.
About PROREIT
Founded in 2013, PROREIT (TSX: PRV.UN) is a Canadian industrial real estate investment trust that owns and operates a portfolio of high-quality properties. With a presence in strong primary and secondary Canadian markets, PROREIT is committed to delivering stable cash flow, disciplined growth and long-term value for its unitholders.
For more information on PROREIT, please visit the REIT’s website at: https://proreit.com.
Source : PROREIT
