RTL-Westcan Holdings Limited Partnership Announces Sale of its Interest in Nexus Real Estate Investment Trust

CALGARY, July 3, 2019 /CNW/ - RTL-Westcan Holdings Limited Partnership ("RTL") announces that it sold an aggregate of 10,957,374 units of Nexus Real Estate Investment Trust ("Nexus") in a series of block trades over the facilities of the TSX Venture Exchange on July 2, 2019 for $1.8519 per unit (or $20.3 million in aggregate) representing approximately 10.8% of Nexus's issued and outstanding units and RTL's entire interest in Nexus. Following completion of the transaction, RTL no longer holds any units of Nexus and its interest in Nexus has decreased from 10.8% of the issued and outstanding units to 0%.

RTL acquired the units as partial consideration for the sale and lease back to a predecessor of Nexus of its real estate assets from its operating business in 2014. The disposition of the units was undertaken to complete the monetization of the proceeds from the sale of the real estate to Nexus following the sale of its operating business to a third party later in 2014.

An early warning report will be filed by RTL in accordance with applicable securities laws and will be available on SEDAR at www.sedar.com or may be obtained directly from RTL upon request at the telephone number below.

Nexus's head office is located at 211-1540 Cornwall Road, Oakville, Ontario L6J 7W5.

RTL is a limited partnership formed under the laws of the Province of Manitoba for the purpose of holding the assets of Westcan's bulk hauling trucking business. RTL's head office is located at 4600, 400 – 3rd Avenue SW, Calgary, Alberta T2P 4H2.

SOURCE RTL-Westcan Holdings Limited Partnership