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H&R Real Estate Investment Trust and H&R Finance Trust Announce Unwinding of H&R Finance Trust and the Stapled Unit Structure
H&R Real Estate Investment Trust and H&R Finance Trust Announce Unwinding of H&...
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 Unwinding of H&R Finance Trust and the Stapled Unit Structure\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.prntac{\nTEXT-ALIGN: CENTER\n}\n\n\n\n\n\n\nH&R Real Estate Investment Trust and H&R Finance Trust Announce Unwinding of H&R Finance Trust and the Stapled Unit Structure\nCanada NewsWire\nTORONTO, March 22, 2018\n\n\n\nConfirms Receipt of Final Order for Amended Reorganization to Simplified REIT Structure\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, March 22, 2018 /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) have announced today that they have received a final order from the Court of Queen's Bench of Alberta (the \"Court\") approving the previously announced amended internal reorganization of the Trusts (the \"Amended Reorganization\").  \n\nThe original proposed reorganization of the Trusts (the \"Original Reorganization\") was described in the joint management information circular of the Trusts dated October 31, 2017 and had been intended to continue the benefits of the Trusts' existing stapled unit (\"Stapled Unit\") structure that has been in place since 2008. Joint meetings of unitholders (\"Unitholders\") of the Trusts were held on December 7, 2017 and Unitholders approved the Original Reorganization, with approximately 99.8% of the Unitholders of each of H&R REIT and H&R Finance Trust, respectively, voting in favour of the Original Reorganization.  On December 14, 2017, the Trusts received a final order from the Court approving the Original Reorganization.   However, as a result of certain considerations, including the enactment in late December 2017 of the U.S. federal income tax legislation originally referred to as the Tax Cuts ...