Business
InterRent REIT CEO Completes Estate Planning Transaction
/THIS NEWS RELEASE IS INTENDED FOR DISTRIBUTION IN CANADA ONLY AND IS NOT INTENDED FOR DISTRIBUTI...
About this update from Interrent Real Estate Investment Trust
[{"type":"text","content":"\n\n\n\n/THIS NEWS RELEASE IS INTENDED FOR DISTRIBUTION IN CANADA ONLY AND IS NOT\n\n\nINTENDED FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR\n\n\nDISSEMINATION IN THE UNITED STATES/\n\n\nTORONTO, May 30 /CNW/ - InterRent Real Estate Investment Trust\n(TSX:IIP.UN) ("InterRent") announced today that G. Michael Newman, Chief\nExecutive Officer of InterRent, has completed an estate planning transaction\nthat involved the transfer of beneficial interest in units of InterRent held\nby 2115511 Ontario Inc., a corporation controlled by Mr. Newman, to 2171956\nOntario Inc., a corporation owned and controlled by Adrian Newman.\n\n\nAbout InterRent\n\n\nInterRent is a rapidly expanding, growth oriented real estate investment\ntrust engaged in building unitholder value through the accretive acquisition,\nownership and operation of strategically located income producing\nmulti-residential real estate, with 4,038 apartment suites under ownership and\n233 under conditional purchase contract, for a total of 4,271 suites in the\nprovince of Ontario.\n\n\nDistribution In Canada Only\n\n\nThis news release is intended for distribution in Canada only and is not\nintended for distribution to United States newswire services or dissemination\nin the United States. The securities being offered have not, nor will they be\nregistered under the United States Securities Act of 1933, as amended, and may\nnot be offered or sold within the United States or to, or for the account or\nbenefit of, U.S. persons absent U.S. registration or an applicable exemption\nfrom the U.S. registration requirements. This release does not constitute an\noffer for sale of securities in the United States.\n\n\nForward Looking Statements\n\n\nThis news release contains "forward-looking statements" within the\nmeaning of the United States Private Securities Litigation Reform Act of 1995\nand applicable Canadian securities legislation. Generally, these\nforward-looking statements can be identified by the use of forward-looking\nterminology such as "plans", "anticipated", "expects" or "does not expect",\n"is expected", "budget", "scheduled", "estimates", "forecasts", "intends",\n"anticipates" or "does not anticipate", or "believes...