AIP Realty Trust A (TSE:AIP.U) has released an update.
AIP Realty Trust has successfully completed the initial segment of its planned private placement, securing $550,000 by issuing 1.1 million Preferred Units at $0.50 each. With a total target of $3 million, these units offer holders preferential rights and are convertible into common units under certain conditions. The funds raised are earmarked for working capital and general corporate purposes.
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