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H&R REIT Provides Update on Upcoming Special Meeting of Unitholders to approve Primaris Spin-Off
H&R REIT Provides Update on Upcoming Special Meeting of Unitholders to approve Primar...
About this update from H&r Real Estate Investment Trust
[{"type":"text","content":"\n \n \n \n H&R REIT Provides Update on Upcoming Special Meeting of Unitholders to approve Primaris Spin-Off\n \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 H&R REIT Provides Update on Upcoming Special Meeting of Unitholders to approve Primaris Spin-Off\n \n \n Canada NewsWire\n \n \n \n \n \n TORONTO\n \n ,\n \n Dec. 1, 2021\n \n /CNW/ - H&R Real Estate Investment Trust (\"H&R\" or \"the REIT\") (TSX: HR.UN) wishes to provide unitholders with an update in respect of its management information circular dated\n \n November 5, 2021\n \n (the \"Circular\") relating to the unitholder meeting (the \"Meeting\") to be held virtually on\n \n December 13, 2021\n \n to consider the previously announced proposed tax-free spin-off  (the \"Spin-Off\") of the REIT's Primaris properties including all of H&R's enclosed malls into a new, completely independent, stand-alone, publicly traded REIT (\"Primaris REIT\").\n \n \n H&R wishes to clarify one provision with respect to the new incentive unit plan and option plan to be adopted by Primaris REIT. As described in the Circular, the value of incentive units or other units or options granted to any one Primaris REIT Non-Executive Trustee (as such term is defined in the Circular) within each calendar year, under all security-based compensation arrangements of Primaris REIT, will not, pursuant to such plans, exceed\n \n $150,000\n \n . Primaris REIT's option plan will further provide that the value of options granted to any one Primaris REIT Non-Executive Trustee in any one calendar year shall not exceed\n \n $100,000\n \n .  A draft copy of the unit option plan is available at\n \n www.sedar.com\n \n .\n \n \n Unitholders are encouraged to review the Circular, which provides a detailed discussion of the Spin-Off and related resolutions to be considered at the Meeting. The Circular is available at\n \n www.hr-reit.com\n \n and\n \n www.sedar.com\n \n .\n \n \n \n About H&R REIT\n \n \n \n H&R REIT is one of\n \n Canada's\n \n largest real estate investment trusts with total assets of approxi...