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INTERRENT REIT OBTAINS INVESTMENT CANADA ACT APPROVAL FOR PLAN OF ARRANGEMENT WITH CARRIAGE HILL PROPERTIES ACQUISITION CORP.
INTERRENT REIT OBTAINS INVESTMENT CANADA ACT APPROVAL FOR PLAN OF ARRANGEMENT WITH CARRIAGE HILL ...
About this update from Interrent Real Estate Investment Trust
[{"type":"text","content":"\n\n\n\n INTERRENT REIT OBTAINS INVESTMENT CANADA ACT APPROVAL FOR PLAN OF ARRANGEMENT WITH CARRIAGE HILL PROPERTIES ACQUISITION CORP.\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\n Canada NewsWire\n \n\n\n\n\n\n OTTAWA, ON\n \n\n ,\n \n\n Sept. 30, 2025\n \n\n /CNW/ - InterRent Real Estate Investment Trust (\"\n \n InterRent\n \n \" or the \"\n \n REIT\n \n \") (TSX: IIP.UN) today announced receipt of\n \n Investment Canada Act\n \n approval in connection with the previously announced plan of arrangement (the \"\n \n Arrangement\n \n \"), pursuant to which Carriage Hill Properties Acquisition Corp. (the \"\n \n Purchaser\n \n \"), a newly formed entity owned by CLV Group and GIC, will acquire all of the units of the REIT (other than certain units of retained interest holders) for\n \n $13.55\n \n per outstanding unit of the REIT (each, a \"\n \n Unit\n \n \") in cash by way of a statutory plan of arrangement under the provisions of the\n \n Business Corporations Act\n \n (\n \n Ontario\n \n ).\n \n\n\n\n\n\n\n\n\n The Arrangement previously received clearance under the\n \n Competition Act (\n \n Canada\n \n ),\n \n and the parties have received a final order from the Ontario Superior Court of Justice (Commercial List) approving the Arrangement. The Arrangement was approved by InterRent's unitholders on\n \n August 25, 2025\n \n .\n \n\n The Arrangement remains on track to close in late 2025 or early 2026, subject to the satisfaction or waiver of certain other customary closing conditions, all of which have been or are expected to be satisfied by or on such date. Following completion of the Arrangement, it is anticipated that the Units will be delisted from the Toronto Stock Exchange (the \"\n \n TSX\n \n \").\n \n\n\n About InterRent\n \n\n\n InterRent is a growth-oriented real estate investment trust engaged in increasing unitholder value and creating a growing and sustainable distribution through the acquisition and ownership of multi-residential properties.\n \n\n InterRent's strategy is to expand its portfolio primarily within markets that have exhibite...