Get 40% Off
🚨 Volatile Markets? Find Hidden Gems for Serious Outperformance
Find Stocks Now

BRIEF-H&R REIT and H&R Finance Trust call joint special meetings to consider internal reorganization

Published 2017-10-19, 06:00 p/m
BRIEF-H&R REIT and H&R Finance Trust call joint special meetings to consider internal reorganization

Oct 20 (Reuters) - H&R Real Estate Investment Trust HR_u.TO

* H&R Real Estate Investment Trust and H&R Finance Trust call joint special meetings to consider internal reorganization

* H&R Real Estate Investment Trust - co, H&R Finance Trust announced they are proposing to complete an internal reorganization

* H&R Real Estate Investment Trust - reorganization is being contemplated due to growth in H&R's U.S. investment portfolio since 2008 reorganization

* H&R Real Estate Investment Trust - result of reorganization will be to effectively replace H&R Finance Trust in H&R's stapled unit structure with newly formed entity

* H&R REIT- after completion of reorganization, investments held through H&R REIT, H&R Finance Trust to be held through H&R REIT, H&R F17 TRUST

* H&R Real Estate Investment Trust - proposed reorganization to be effected by way of plan of arrangement with H&R REIT, H&R Finance Trust, few H&R REIT units

* H&R REIT - after completion of reorganization H&R F17 Trust expected to hold a note evidencing debt obligation of about $1 billion by H&R REIT (U.S.) holdings

* H&R REIT - proposed reorganization to result in holders of stapled units, disposing of their H&R Finance Trust units, buying units of H&R F17 Trust

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.