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ERES Files Management Information Circular in Connection with the Special Meeting to Approve Acquisition by Canadian Apartment Properties Real Estate Investment Trust
TORONTO, April 01, 2026 (GLOBE NEWSWIRE) -- European Residential Real Estate Investment Trust (&#...
About this update from European Residential Real Estate Invt Tr
[{"type":"text","content":"ERES Files Management Information Circular in Connection with the Special Meeting to Approve Acquisition by Canadian Apartment Properties Real Estate Investment Trust\nTORONTO, April 01, 2026 (GLOBE NEWSWIRE) -- European Residential Real Estate Investment Trust (“ERES” or “the REIT”) (TSX: ERE.UN) announced today that it has filed its management information circular (the “Information Circular”) and related materials (together with the Information Circular, the “Meeting Materials”) in respect of its previously announced special meeting (the “Meeting”) of the holders (the “Unitholders”) of trust units of the REIT (“Units”) and non-participating special voting units of the REIT (“SVUs”) to be held to consider and vote on the proposed Arrangement (as defined below). At the Meeting, Unitholders and their duly appointed proxyholders will be asked to consider, and if thought advisable, to pass, a special resolution (the “Arrangement Resolution”) relating to a proposed plan of arrangement (the “Arrangement”) whereby an affiliate of Canadian Apartment Properties Real Estate Investment Trust (“CAPREIT”) will acquire all of the issued and outstanding Units of ERES not already owned by CAPREIT and its affiliates for consideration of $1.19 per Unit (the “Consideration”) in an all-cash transaction, on and pursuant to the terms of the arrangement agreement entered into on March 2, 2026, as amended on March 20, 2026 (the “Arrangement Agreement”). The Meeting is scheduled to be held in a virtual-only meeting format via live webcast online at https://meetings.lumiconnect.com/200-797-233-787 at 10:00 a.m. (Toronto time) on April 27, 2026. The Meeting Materials have been filed by the REIT on SEDAR+ and are available under the REIT’s profile at www.sedarplus.ca, and on the REIT’s website at www.eresreit.com. If you have any questions or need assistance in your consideration of the Arrangement or with the completion and delivery of your proxy, please contact the REIT’s strategic unitholder advisor and proxy solicitation agent, Shorecrest Group, by telephone toll free at 1-888-637-5789 or collect at 647-931-7454, or by email at cont...