Land Bank Issuers are listed issuers whose business is to identify, evaluate and acquire real estate properties, including raw land, which are held or repackaged for future sale or development.

Land Bank Issuers can be categorized into the following sub-sectors:

• Land Banking
• Land Development
• Land Assembly
• Land Acquisition

A Land Bank Issuer is required to adopt an investment policy statement before listing on egX Canada. The investment policy statement must outline the main objectives, strategies and constraints the Land Bank Issuer will follow when making investment decisions. The following factors should be considered when formulating an investment policy statement:

• Geographic location and types of properties to be evaluated for acquisition
• Servicing fees and costs
• Distribution or reinvestment of proceeds received from sale of underlying properties
• Limits on borrowing to fund new acquisitions (leverage)

A Land Bank Issuer is also required to provide an appraisal or valuation report, prepared by an independent expert in accordance with industry standards, of the issuer’s land and existing improvements.

What does egX offer? egX will list issuers whose business is to identify, evaluate and acquire properties, which are held or re-packaged for future sale or development. Land bank issuers may acquire land in areas where there is an expectation of a significant market up-turn due to demographic and other economic results. Issuers may acquire land on which development can be carried out at a future date and the issuer adds value by the services that it performs to prepare the property for development. A land banking issuer listed on egX will be able to access the public markets to raise capital for future acquisitions and development and will create liquidity for existing investors looking to trade their interests.

For more information contact:

Sean Curley
Senior Listings Analyst

Tel: 604-622-1033
Email: SCurley@egXCanada.com