Business
H&R announces April and May distributions
TORONTO , April 2, 2014 /CNW/ -H&R Real Estate Investment Trust and H&R Finance ...
About this update from H&r Real Estate Investment Trust
[{"type":"text","content":"\n\n\nTORONTO, April 2, 2014 /CNW/ -H&R Real Estate Investment Trust and H&R\n Finance Trust (\"H&R\") today announced that the Trustees have declared\n distributions as follows:\n\n\n\n\n\n\n\n \n\n\n  Distribution/Stapled Unit  \n\n\n  Annualized  \n\n\n  Record date  \n\n\n  Distribution date  \n\n\n\n\nApril 2014  \n\n\n$0.11250\n\n\n$1.35\n\n\nApril 14, 2014\n\n\nApril 30, 2014\n\n\n\n\nMay 2014\n\n\n$0.11250\n\n\n$1.35\n\n\nMay 15, 2014\n\n\nMay 30, 2014\n\n\n\n\n\n\n\nAbout H&R REIT and H&R Finance Trust\n\n\nH&R REIT is an open-ended real estate investment trust, which owns a\n North American portfolio of 41 office, 168 retail properties and 112\n industrial comprising over 53 million square feet and 2 development\n projects, with a fair value of approximately $13 billion.  In addition,\n H&R REIT owns a 33.7% interest in ECHO Realty LP which owns 173\n properties, excluding properties under development and vacant land,\n totalling 7.3 million square feet.  The foundation of H&R REIT's\n success since inception in 1996 has been a disciplined strategy that\n leads to consistent and profitable growth. H&R REIT leases its\n properties for long terms to creditworthy tenants and strives to match\n those leases with primarily long-term, fixed-rate financing.\n\n\nH&R Finance Trust is an unincorporated investment trust, which primarily\n invests in notes issued by a U.S. corporation which is a subsidiary of\n H&R REIT.  The current note receivable balance is U.S. $219.8 million. \n In 2008, H&R REIT completed an internal reorganization which resulted\n in each issued and outstanding H&R REIT unit trading together with a\n unit of H&R Finance Trust as a \"Stapled Unit\" on the Toronto Stock\n Exchange.\n\n\nForward-looking Statements\n\n\nCertain statements in this news release contain forward-looking\n information within the meaning of applicable securities laws (also\n known as forward-looking statements).  Such forward-looking statements\n reflect H&R's current beliefs and are based on information currently\n available to management. These statements are not guarantees of future\n performance and are based on H&R's estimates and assumptions that...