CHC Student Housing Enters into Agreement for Reverse Take-Over Transaction
Toronto, Ontario--(Newsfile Corp. - October 15, 2020) - CHC Student Housing Corp. (TSXV: CHC.H) ("CHC") wishes to announce it has entered into a binding letter agreement dated October 14, 2020 (the "Agreement") with an arm's length investor group led by Jean (Ted) Pomerleau and Wayne Tisdale (the "Investor Group") for a reverse take-over of CHC (the "RTO") through CHC acquiring all of the shares of 2294253 Alberta Ltd. ("TargetCo") from the Investor Group in exchange for common shares of...
2020-10-15 5:45 PM EDT
CHC Student Housing Announces Results for the Three Months Ended June 30, 2020
Toronto, Ontario--(Newsfile Corp. - August 26, 2020) - CHC Student Housing Corp. (TSXV: CHC.H) ("CHC" or the "Company") announced today results for the three months ended June 30, 2020. The unaudited Condensed Consolidated Interim Financial Statements and related Management's Discussion and Analysis ("MD&A") for the three months ended June 30, 2020, are available under CHC's profile on SEDAR at www.sedar.com.Highlights during the three months ended June 30, 2020: The company did not own...
2020-08-26 6:27 PM EDT
CHC Student Housing Announces Shareholder Distribution
Toronto, Ontario--(Newsfile Corp. - July 21, 2020) - CHC Student Housing Corp. (TSXV: CHC.H) ("CHC" or the "Company") is pleased to announce that it has determined to proceed with its previously announced special distribution (the "Distribution") to the holders (the "Shareholders") of the Company's common shares (the "Common Shares"). The Distribution will be paid as a return of capital in the amount of $0.30 per Common Share, payable in cash on August 5, 2020 to Shareholders of record as...
2020-07-21 5:00 PM EDT
CHC Student Housing Announces Results for the Three Months Ended March 31, 2020
Toronto, Ontario--(Newsfile Corp. - June 19, 2020) - CHC Student Housing Corp. (TSXV: CHC.H) ("CHC" or the "Company") announced today results for the three months ended March 31, 2020. The unaudited Condensed Consolidated Interim Financial Statements and related Management's Discussion and Analysis ("MD&A") for the three months ended March 31, 2020, are available under CHC's profile on SEDAR at www.sedar.com.Highlights during the three months ended March 31, 2020: Net Operating Income ("NOI")...
2020-06-19 8:35 AM EDT
CHC Student Housing Announces Delayed Filing of Interim Disclosure Documents Pursuant to Temporary Relief Granted by Regulators
Toronto, Ontario--(Newsfile Corp. - May 11, 2020) - CHC Student Housing Corp. (TSXV: CHC) ("CHC" or the "Company") announced today that it will be delaying the filing and delivery of certain of its continuous disclosure documents, in accordance with Ontario Instrument 51-502 Temporary Exemption from Certain Corporate Finance Requirements of the Ontario Securities Commission (the "Exemption Order") which was adopted for the purpose of providing certain filing and other relief to issuers in...
2020-05-11 8:36 AM EDT
CHC Student Housing Announces Results for the Quarter Ended and Year Ended December 31, 2019
Toronto, Ontario--(Newsfile Corp. - April 30, 2020) - CHC Student Housing Corp. (TSXV: CHC) ("CHC" or the "Company") announced today results for the quarter and year ended December 31, 2019. The audited financial statements and related Management's Discussion and Analysis ("MD&A") for the quarter and year ended December 31, 2019, are available under CHC's profile on SEDAR at www.sedar.com.Highlights during the year ended December 31, 2019: Net Operating Income ("NOI") was lower by 3.6% at...
2020-04-30 7:30 AM EDT
CHC Student Housing Announces Closing of London Property Sale and Transfer to NEX
Toronto, Ontario--(Newsfile Corp. - February 5, 2020) - CHC Student Housing Corp. (TSXV: CHC) ("CHC" or the "Company") announces that it has closed the previously announced sale of its London property for total gross proceeds of $55.0 million. As previously announced by the Company, with the closing of the sale of the London property, the Company has ceased to have active operations, no longer meets the continued listing requirements for the TSX Venture Exchange ("TSXV") and will be...
2020-02-05 5:52 PM EST
CHC Student Housing Announces Approvals for Sale of London Property and Director Resignation
Toronto, Ontario--(Newsfile Corp. - January 31, 2020) - CHC Student Housing Corp. (TSXV: CHC) ("CHC" or the "Company") announces that it has received shareholder approval and conditional acceptance of the TSX Venture Exchange ("TSXV") for the previously announced sale of its London property for total gross proceeds of $55.0 million. Shareholder approval was obtained at the Company's annual and special meeting of shareholders held on January 22, 2020, at which shareholders approved a special...
2020-01-31 7:04 PM EST
CHC Student Housing Completes Sale of Trois-Rivieres Property and Mails Information Circular for Shareholders Meeting
Toronto, Ontario--(Newsfile Corp. - January 9, 2020) - CHC Student Housing Corp. (TSXV: CHC) ("CHC" or the "Company") announces that it has completed the previously announced sale of its Trois-Rivieres, Quebec student housing property to an arm's length party for total gross proceeds of $3.15 million. Net proceeds to the Company from the sale following payment of the first mortgage on the property, working capital deficiency at the property and transaction expenses were approximately...
2020-01-09 7:00 AM EST
CHC Student Housing Announces Results for the Quarter Ended September 30, 2019.
Toronto, Ontario--(Newsfile Corp. - November 28, 2019) - CHC Student Housing Corp. (TSXV: CHC) ("CHC" or the "Company") announced today results for the quarter ended September 30, 2019. The Financial Statements and related Management's Discussion and Analysis ("MD&A") for the quarter ended September 30, 2019, are available under CHC's profile on SEDAR at www.sedar.com.Highlights during the quarter ended September 30, 2019: Net income was $297,562, compared to a net loss of $939,028 in Q3...
2019-11-28 6:33 PM EST
CHC Student Housing Announces Sale of London and Trois-Rivieres Properties
Toronto, Ontario--(Newsfile Corp. - November 26, 2019) - CHC Student Housing Corp. (TSXV: CHC) ("CHC" or the "Company") announces that it has entered into a binding agreement with an arm's length party for the sale of its London property for total gross proceeds of $55.0 million. The Company has also entered into a binding agreement with a separate arm's length party for the sale of its Trois-Rivieres property for total gross proceeds of $3.15 million.The closing of the sale of...
2019-11-26 7:00 AM EST
CHC Student Housing Announces Results for the Quarter Ended June 30, 2019
Toronto, Ontario--(Newsfile Corp. - August 29, 2019) - CHC Student Housing Corp. (TSXV: CHC) ("CHC" or the "Company") announced today results for the quarter ended June 30, 2019. The Financial Statements and related Management's Discussion and Analysis ("MD&A") for the quarter ended June 30, 2019 are available under CHC's profile on SEDAR at
2019-08-29 7:30 AM EDT
CHC Student Housing Announces Results for the Quarter and Year Ended December 31, 2018
Toronto, Ontario--(Newsfile Corp. - May 1, 2019) - CHC Student Housing Corp. (TSXV: CHC) ("CHC" or the "Company") announced today results for the quarter and year ended December 31, 2018. The Financial Statements and related Management's Discussion and Analysis ("MD&A") for the quarter and year ended December 31, 2018 are available under CHC's profile on SEDAR at www.sedar.com.Highlights during the year ended December 31, 2018: Net Operating Income was lower by 2.9% at $2,886,215.Net loss of...
2019-05-01 9:52 AM EDT
CHC Student Housing Sells Kingston Property VTB Mortgage
Toronto, Ontario--(Newsfile Corp. - April 18, 2019) - CHC Student Housing Corp. (TSXV: CHC) ("CHC" or the "Company") announces that it has sold the $350,000 principal amount vendor take-back mortgage which it received from the sale of its Kingston, Ontario property in July 2018. The mortgage, which matures on July 31, 2021 and bears interest at a rate of 5% per annum, was sold for $350,000. The mortgage was sold to a family trust of Craig...
2019-04-18 12:19 PM EDT
CHC Student Housing Announces Board Change
Toronto, Ontario--(Newsfile Corp. - September 21, 2018) - CHC Student Housing Corp. (TSXV: CHC) ("CHC" or the "Company") announces that Gordon Pridham has resigned as a director of CHC and that Heather Fitzpatrick has been appointed a director of CHC, filling the vacancy resulting from Mr. Pridham's resignation. In addition, the Company announces that Ronald Schwarz, a director of CHC, has been appointed Chair of the Board of Directors of the Company."We would like to thank Mr. Pridham for...
2018-09-21 7:30 AM EDT
CHC Student Housing Announces Results for the Quarter and Six Months Ended June 30, 2018
Toronto, Ontario--(Newsfile Corp. - August 30, 2018) - CHC Student Housing Corp. (TSX:CHC) ("CHC" or the "Company") announced today, results for the quarter and six months ended June 30, 2018. The Financial Statements and the Management's Discussion and Analysis ("MD&A") for the quarter and six months ended June 30, 2018 are available under CHC's profile on SEDAR at www.sedar.com.Highlights during the quarter and six months ended June 30, 2018: Net Operating Income decreased by 2.7% or...
2018-08-30 8:41 AM EDT
CHC Student Housing Announces Results for the Quarter Ended March 31, 2018
Toronto, Ontario--(Newsfile Corp. - August 29, 2018) - CHC Student Housing Corp. (TSXV: CHC) ("CHC" or the "Company") announced today results for the quarter ended March 31, 2018. The Financial Statements and related Management's Discussion and Analysis ("MD&A") for the quarter ended March 31, 2018, are available under CHC's profile on SEDAR at www.sedar.com.Highlights during the quarter ended March 31, 2018: Net Operating Income decreased by 6.9% to $693,944 due to the sale of the Windsor...
2018-08-29 6:41 PM EDT
CHC Student Housing Announces Sale of Kingston Property
Toronto, Ontario--(Newsfile Corp. - July 31, 2018) - CHC Student Housing Corp. (TSXV: CHC) ("CHC" or the "Company") announces that it has sold its property located in Kingston, Ontario, for gross proceeds of $2,450,000, including a vendor take-back mortgage in the amount of $350,000. The property, which was acquired by CHC in April 2014, represents 18 out of the 715 beds in CHC's current student housing portfolio. Net proceeds from the sale, after repayment of the existing mortgage debt, will...
2018-07-31 6:53 PM EDT
CHC Student Housing Announces Issuance of Loan Warrants
Toronto, Ontario--(Newsfile Corp. - July 25, 2018) - CHC Student Housing Corp. (TSXV: CHC) ("CHC" or the "Company") announces further to its press release, dated July 13, 2018 that it has received the approval of the TSX Venture Exchange for the issuance of 200,000 non-transferable common share purchase warrants (the "Loan Warrants") to Halmont Properties Corporation ("Halmont") in connection with the $14.0 million second mortgage refinancing of the Company's London, Ontario property with...
2018-07-25 8:20 AM EDT
CHC Student Housing Announces Refinancings
Toronto, Ontario--(Newsfile Corp. - July 13, 2018) - CHC Student Housing Corp. (TSXV: CHC) ("CHC" or the "Company") is pleased to announce the closing of refinancing transactions on its properties in London, Ontario and Trois-Rivières, Québec.Under the London, Ontario property refinancing, an arm's length third party has assumed the existing $33.0 million first mortgage on the property, and the first mortgage has been amended to bear interest at a rate of 90 day Bankers Acceptances plus 2.55%...
2018-07-13 5:21 PM EDT