Business
H&R announces May distribution
TORONTO, May 3, 2013 /CNW/ - H&R Real Estate Investment Trust and H&R Finance Trust...
About this update from H&r Real Estate Investment Trust
[{"type":"text","content":"\n\n\n\n\n\nTORONTO, May 3, 2013 /CNW/ - H&R Real Estate Investment Trust and H&R\n Finance Trust (\"H&R\") today announced that the Trustees have declared\n the May 2013 distribution as follows:\n\n\n\n\n\n\n\nDistribution/Stapled Unit\n\n\nAnnualized\n\n\nRecord date\n\n\nDistribution date\n\n\nMay 2013\n\n\n$0.11250\n\n\n$1.35\n\n\nMay 16, 2013\n\n\nMay 31, 2013\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 40 office, 112 industrial and 163 retail\n properties comprising over 53 million square feet and 3 development\n projects, with a fair value of approximately $13 billion. The\n foundation of H&R REIT's success since inception in 1996 has been a\n disciplined strategy that leads to consistent and profitable growth.\n H&R REIT leases its properties long term to creditworthy tenants and\n strives to match those leases with primarily long-term, fixed-rate\n 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 is U.S. $211.4 million.  In\n 2008, H&R REIT completed an internal reorganization which resulted in\n each issued and outstanding H&R REIT unit trading together with a unit\n of H&R Finance Trust as a \"Stapled Unit\" on the Toronto Stock 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 are\n subject to risks and uncertainties, including those discussed in H&R's\n materials filed with the Canadian securities regulatory authorities\n from time to time, which could cause the actual results and performance\n of H&R to differ materially from the forward-looking statements\n contained in this news release. Those risks and uncertainties include,\n among other things, risks related to: pr...