Real Estate
MINTO APARTMENT REAL ESTATE INVESTMENT TRUST PROVIDES UPDATE ON EXPECTED CLOSING OF GOING-PRIVATE TRANSACTION WITH CRESTPOINT REAL ESTATE INVESTMENTS LIMITED PARTNERSHIP AND MINTO GROUP
Minto Apartment Real Estate Investment Trust (the "REIT") (TSX: MI.UN) today announced that all closing conditions have been satisfied (other than conditions that by their nature are only capable of being satisfied on the effective date of the Transaction) with respect to the previously announced plan of arrangement (the "Arrangement") pursuant to which an affiliate of Crestpoint Real Estate Investments Limited Partnership will acquire all of the REIT's issued and outstanding trust units (the "T
About this update from Minto Apartment Real Estate Investment Trust
OTTAWA, ON, Aug. 4, 2026 /CNW/ -- Minto Apartment Real Estate Investment Trust (the "REIT") (TSX: MI.UN) today announced that all closing conditions have been satisfied (other than conditions that by their nature are only capable of being satisfied on the effective date of the Transaction) with respect to the previously announced plan of arrangement (the "Arrangement") pursuant to which an affiliate of Crestpoint Real Estate Investments Limited Partnership will acquire all of the REIT's issued and outstanding trust units (the "Trust Units"), other than Trust Units held directly or indirectly by Minto Properties Inc. and its affiliates and certain senior officers, for $18.00 per Trust Unit in cash (the "Transaction"), in accordance with the arrangement agreement dated January 5, 2026, as amended by amending agreements dated March 2, 2026 and July 31, 2026 (the "Arrangement Agreement"). The effective date for the Transaction is expected to occur on August 6, 2026, subject to the satisfaction of the closing conditions that by their nature are only capable of being satisfied on the effective date of the Transaction. The Trust Units of the REIT are expected to be delisted from the Toronto Stock Exchange (the "TSX") at the close of trading on August 6, 2026. Further details regarding the Arrangement are set out in the news release of the REIT dated January 5, 2026 and the REIT's management information circular dated January 29, 2026, each of which are available under the REIT's SEDAR+ profile at www.sedarplus.ca. The REIT also announced that, as contemplated by the Arrangement Agreement, the REIT expects to pay a pro-rated distribution of $0.00719 per REIT unit, being a pro-rated distribution based on the number of days occurring from August 1, 2026 to and including August 5, 2026, to holders of Trust Units who are entitled to receive the consideration pursuant to the Transaction, which the REIT expects to be paid concurrently with the payment of the consideration under the Transaction. The REIT does not expect to pay any special non-cash distributions in connection with the closing of the Transaction. About Minto Apartment Real Estate Investment Trust The REIT is an unincorporated, open-ended real estate investment trust established pursuant to a declaration of trust under the laws of the Province of Ontario to own income-producing multi-residential...
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