VANCOUVER, British Columbia, April 19, 2024 (GLOBE NEWSWIRE) — AIP Realty Trust (the “Trust” or “AIP”) (TSXV: AIP.U) today announces that it has completed the first tranche of a non-brokered private placement (the “Financing”) and has issued 1,100,000 Preferred Units – Series B Convertible (each, a “Preferred Unit”), at a price of US$0.50 per Preferred Unit for aggregate gross proceeds of US$550,000. An aggregate of up to 6,000,000 Preferred Units may be issued under the Financing for aggregate gross proceeds of up to US$3,000,000.
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