NEW YORK, Jan. 2, 2014 /PRNewswire/ -- OTC Markets Group Inc. (OTCQX: OTCM), operator of Open, Transparent and Connected financial marketplaces, today announced that Pure Multi-Family REIT LP ("Pure Multi") (OTCQX: PMULF; TSX-V: RUF.U), a limited partnership formed to indirectly invest in multi-family real estate in the U.S., has been approved to trade on OTCQX®. Pure Multi will trade in the U.S. on OTCQX under the symbol "PMULF."
Pure Multi begins trading today on OTCQX International, a segment of the OTCQX marketplace reserved for high-quality non-U.S. companies that are listed on a qualified international exchange and provide their home country disclosure to U.S. investors. U.S. investors can find current financial disclosures and Real-Time Level 2 quotes for the company on www.otcmarkets.com.
"We are pleased to welcome Pure Multi-Family REIT to OTCQX," said R. Cromwell Coulson, President and CEO of OTC Markets Group Inc. "Pure Multi joins the more than 200 diverse Canadian companies trading on the OTCQX marketplace. With its move to OTCQX, Pure Multi ensures its U.S. investors will have convenient access to its news and disclosure and transparent trading, making it easier to analyze, value and trade its securities."
"We are pleased to have received approval for trading on OTCQX. Trading on OTCQX provides increased exposure and accessibility for Pure Multi to U.S. investors, which will assist in executing our growth strategy," commented Steve Evans, CEO of Pure Multi.
Canaccord Genuity serves as Pure Multi's Principal American Liaison ("PAL") on OTCQX, responsible for providing professional guidance on OTCQX requirements.
Pure Multi is a Canadian based, publically traded vehicle which offers investors exclusive exposure to U.S. multi-family real estate assets. Pure Multi's units are USD denominated and allow investors the opportunity to buy into under-valued American hard assets.
About OTC Markets Group Inc.
OTC Markets Group Inc. (OTCQX: OTCM) operates Open, Transparent and Connected financial marketplaces for 10,000 U.S. and global securities. Through our OTC Link® ATS, we directly link a diverse network of broker-dealers that provide liquidity and execution services for a wide spectrum of securities. We organize these securities into marketplaces to better inform investors of opportunities and risks – OTCQX®, The Best Marketplace with Qualified Companies; OTCQB®, The Venture Stage Marketplace with U.S. Reporting Companies; and OTC Pink®, The Open Marketplace with Variable Reporting Companies. Our data-driven platform enables investors to easily trade through the broker of their choice at the best possible price and empowers a broad range of companies to improve the quality and availability of information for their investors. To learn more about how we create better informed and more efficient financial marketplaces, visit www.otcmarkets.com.
OTC Link® ATS is operated by OTC Link LLC, member FINRA/SIPC and SEC regulated ATS.
SOURCE OTC Markets Group Inc.