Pine Trail REIT Announces Reliance on Alberta Securities Commission Blanket Order 51-517 on Filing of Audited Financial Statements and MD&A for Year Ended December 31, 2019

May 01, 2020 7:15 PM EDT | Source: Pine Trail Real Estate Investment Trust

Toronto, Ontario--(Newsfile Corp. - May 1, 2020) -  Pine Trail Real Estate Investment Trust (TSXV: PT.UN) (the "REIT") announced today that due to the outbreak of the novel coronavirus ("COVID-19"), it will be filing its annual financial statements and accompanying management's discussion and analysis for the year ended December 31, 2019 (the "Annual Filings") after April 29, 2020, the required deadline set by National Instrument 51-102 - Continuous Disclosure Obligations ("NI-51-102").

The REIT is issuing this news release pursuant to Alberta Securities Commission Blanket Order 51-517 - Temporary Exemption from Certain Corporate Finance Requirements, which provides the REIT with an additional 45-day period to complete its Annual Filings, which includes the following continuous disclosure documents:

- Audited financial statements for the year ended December 31, 2019 as required by section 4.2 of NI 51-102; and

- Management's discussion and analysis for the year ended December 31, 2029 as required by section 5.1(2) of NI 51-102

The REIT's management and other insiders are subject to a trading blackout reflecting the principles contained in section 9 of National Policy 11-207 - Failure-to-file Cease Trade Orders and Revocations in Multiple Jurisdictions until the Annual Filings have been completed.

FOR FURTHER INFORMATION, PLEASE CONTACT: David Luu, Interim CFO, Phone: (416) 583-5513

The TSXV has in no way passed upon the merits of the proposed transaction and has neither approved nor disapproved the contents of this press release. Neither the TSXV nor its Regulation Services Provider (as that term is defined in policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/55288

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