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Early Warning Report Issued Pursuant to National Instrument 62-103 Transfer of Voting Control Over Certain Trust Units of BSR
Early Warning Report Issued Pursuant to National Instrument 62-103 Transfer of Voting Control Ove...
About this update from Bsr Real Estate Investment Trust
[{"type":"text","content":"\n\n\nEarly Warning Report Issued Pursuant to National Instrument 62-103 Transfer of Voting Control Over Certain Trust Units of BSR\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\nCanada NewsWire\n\n\nLITTLE ROCK, Ark. and TORONTO, Dec. 26, 2025 /CNW/ - This press release is being disseminated as required by National Instrument 62‐103 – The Early Warning System and Related Take Over Bids and Insider Reporting Issues (\"NI 62-103\") in connection with the filing of an early warning report (the \"Early Warning Report\") by John S. Bailey, who has reported that he no longer has voting control over 2,000,000 trust units (\"Trust Units\") of BSR Real Estate Investment Trust (\"BSR\" or the \"REIT\") (TSX: HOM.U) and (TSX: HOM.UN). These Trust Units are held by a trust established for the benefit of certain executive officers and employees of the REIT (the \"Employee Trust\"). Since the establishment of the trust, Mr. Bailey held only voting control over the related Trust Units. The 2,000,000 Trust Units remain held by the Employee Trust and have not been transferred or sold.  Mr. Bailey's voting control has ceased effective today. Voting control of the Trust Units is now held by W. Daniel Hughes, a trustee of the REIT.\nOn February 24, 2020, Mr. Bailey announced that J&P Unit Holding, LLC (\"J&P\"), a company 100% indirectly owned by Mr. Bailey, had sold 2,000,000 Trust Units to the Employee Trust, with J&P maintaining voting control over such Trust Units pursuant to a voting agreement between J&P and the Employee Trust (the \"Voting Agreement\"). The Voting Agreement was terminated today in accordance with its terms. As a result, Mr. Bailey no longer has control over the 2,000,000 Trust Units held by the Employee Trust. In addition, W. Daniel Hughes Jr., a trustee of the REIT, has replaced Daniel M. Oberste, the REIT's President & Chief Executive Officer, as the sole trustee of the Employee Trust. Mr. Hughes will exercise control and direction over the 2,000,000 Trust Units held by the Employee Trust for the benefit of...