Primaris Real Estate Investment Trust (TSX: PMZ.UN) announced on October 7, 2025, the launch of a public offering of 10,000,000 Series A trust units at $14.75 per unit, for total gross proceeds of $147,500,000. The offering was made under an underwriting agreement with a syndicate led by TD Securities Inc., RBC Dominion Securities Inc., and Desjardins Securities Inc., and included CIBC World Markets Inc., Scotia Capital Inc., National Bank Financial Inc., Canaccord Genuity Corp., and Raymond James Ltd.

The offering closed on October 10, 2025. Primaris also granted the underwriters an over-allotment option to purchase up to an additional 1,448,599 units on the same terms, exercisable within 30 days of the offering. Net proceeds from the offering will be delivered to Cadillac Fairview in connection with Primaris’ acquisition of Promenades St-Bruno in Montreal, Quebec. The Toronto Stock Exchange has conditionally approved the listing of the new units, with final approval subject to Primaris meeting all TSX requirements by January 5, 2026.

Legal counsel for Primaris was provided by Blake, Cassels & Graydon LLP, while McCarthy Tétrault LLP acted for the underwriters.