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H&R Real Estate Investment Trust and H&R Finance Trust Announce Receipt of Final Order for the Reorganization
H&R Real Estate Investment Trust and H&R Finance Trust Announce Receipt of Final O...
About this update from H&r Real Estate Investment Trust
[{"type":"text","content":"\n\n\n\nH&R Real Estate Investment Trust and H&R Finance Trust Announce Receipt of Final Order for the Reorganization\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\n\nH&R Real Estate Investment Trust and H&R Finance Trust Announce Receipt of Final Order for the Reorganization\nCanada NewsWire\nTORONTO, Dec. 15, 2017\n\n\n\n/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES. ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF U.S. SECURITIES LAW./\n\n\n\nTORONTO, Dec. 15, 2017 /CNW/ - H&R Real Estate Investment Trust (\"H&R REIT\" or \"H&R\") and H&R Finance Trust (\"H&R Finance Trust\" and, together with H&R REIT, the \"Trusts\") (TSX: HR.UN and HR.DB.D) have announced today that they have received a final order from the Court of Queen's Bench of Alberta approving the internal reorganization (the \"Reorganization\") which was previously announced by the Trusts in a press release dated October 19, 2017. \n\nThe Trusts also announced that the required approvals from unitholders of the Trusts (the \"Unitholders\") were received at the joint special meetings of Unitholders held on December 7, 2017. The Reorganization was approved by approximately 99.8% of the votes cast by Unitholders.\n\nThe Reorganization remains subject to the receipt by the Trusts of an advance income tax ruling from the Canada Revenue Agency in form and substance satisfactory to the Trusts and other customary closing conditions. The Reorganization is expected to close in the first quarter of 2018.\n\nFor more information on the Reorganization, please see the management information circular of the Trusts dated October 31, 2017 (the \"Circular\"), which is available at www.sedar.com\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 $14.0 billion at September 30, 2017. H&R REIT is a fully internalized real estate investment trust and has ownership interests in a North American portfolio of h...