BW Park Place Limited Partnership - Extension of the offer period and take up of limited partnership units

BURLINGTON, ON, July 9, 2015 /CNW/ - BW Park Place Limited Partnership (the "Partnership") and Waterloo Heights Properties Ltd. ("Waterloo") announced today that Waterloo has taken up 1680 Class F partnership units and 390 Class G partnership units that were validly deposited pursuant the offer to purchase for consideration of $768.75 per partnership unit (the "Offer"). The partnership units taken up by Waterloo under the Offer, together with those already owned by Waterloo, represent 89.4% of the Class F and 60.9% of the Class G partnership units respectively.

Waterloo has extended the Offer until 5:00pm (Toronto time) on August 10, 2015 to enable the remaining partnership unitholders who have not yet tendered their partnership units to accept the Offer. The independent committee of the Partnership has unanimously recommended that partnership unitholders tender their units to Waterloo. All of the directors of the independent committee, responsible for evaluating the Offer, have already tendered their units under the Offer.

How to Tender

Remaining partnership unitholders who have not yet tendered are encouraged to read the full details of the Offer set forth in the Offer documents, which contain detailed instructions on how partnership unitholders can tender their partnership units. For assistance on depositing partnership units to the Offer, partnership unitholders should contact the depositary for the Offer, Abrahams LLP at 647-494-9665 or by email at [email protected].

Report on Voting Results

The Annual and Special Meeting of Partners of the Partnership (the "Meeting") convened on June 24, 2015. The following sets out the matters voted at the Meeting and the results of each vote:

Reappointment of Auditors: BDO LLP, Chartered Professional Accountants, were reappointed as auditors of the Partnership.  

Number of Votes
For		Withheld
1570		0

The Meeting adjourned to Aug 5, 2015 at 7:00 pm at the Best Western Plus Rose City Suites Hotel at 300 Prince Charles Drive, Welland, Ontario.  

Number of Votes
For		Withheld
1570		0

A copy of this press release will be available for review at www.sedar.com.

No Securities Commission or Exchange has either approved or disapproved the information contained herein.

SOURCE BW Park Place Limited Partnership

Ms. Gloria M. Paron, [phone], [email protected]