Business
H&R Announces July and August Distributions
TORONTO , July 3, 2015 /CNW/ - H&R Real Estate Investment Trust ("H&R REIT")...
About this update from H&r Real Estate Investment Trust
[{"type":"text","content":"\n\nTORONTO, July 3, 2015 /CNW/ - H&R Real Estate Investment Trust (\"H&R REIT\") and H&R Finance Trust (together with H&R REIT, \"H&R\") today announced that the Trustees have declared distributions as follows:\n\n\n\n\n\nDistribution/Stapled Unit \n\n\nAnnualized\n\n\nRecord date\n\n\nDistribution date\n\n\n\nJuly 2015\n\n\n$0.11250\n\n\n$1.35\n\n\nJuly 17, 2015\n\n\nJuly 31, 2015\n\n\n\nAugust 2015\n\n\n$0.11250\n\n\n$1.35\n\n\nAugust 17, 2015\n\n\nAugust 31, 2015\n\n\nAbout H&R REIT and H&R Finance Trust\n\nH&R REIT is Canada's largest diversified real estate investment trust with total assets of approximately $13.5 billion as at March 31, 2015. H&R REIT is a fully internalized REIT and has ownership interests in a North American portfolio of high quality office, retail, industrial and residential properties comprising over 46 million square feet.\n\nH&R Finance Trust is an unincorporated investment trust, which primarily invests in notes issued by a U.S. corporation which is a subsidiary of H&R REIT.  The current note receivable balance is U.S. $220.4 million.  In 2008, H&R REIT completed an internal reorganization which resulted in each issued and outstanding H&R REIT unit trading together with a unit of H&R Finance Trust as a \"Stapled Unit\" on the Toronto Stock Exchange.\n\nForward-looking Statements\n\nCertain statements in this news release contain forward-looking information within the meaning of applicable securities laws (also known as forward-looking statements).  Such forward-looking statements reflect H&R's current beliefs and are based on information currently available to management. These statements are not guarantees of future performance and are based on H&R's estimates and assumptions that are subject to risks and uncertainties, including those discussed in H&R's materials filed with the Canadian securities regulatory authorities from time to time, which could cause the actual results and performance of H&R to differ materially from the forward-looking statements contained in this news release. Those risks and uncertainties include, among other things, risks related to: prices and market value of securities of H&R; availability of cash for distributions; restrictions pursuant to the terms of indebtedness; liquid...