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Morguard Corporation Announces 2019 Results and Regular Eligible Dividend

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MISSISSAUGA, Feb. 20, 2020 /CNW/ – Morguard Corporation (“Morguard” or the “Company”) (TSX:MRC) today announced its financial results for the year ended December 31, 2019. Reporting Highlights Total revenue increased by $35.1 million, or 3.0% to $1,193.0 million for the year ended December 31, 2019, compared to $1,157.9 million for the same period in 2018. Net… [Read More]

Boardwalk REIT Announces February 2020 Distribution

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CALGARY, Feb. 20, 2020 /CNW/ – Boardwalk Real Estate Investment Trust (TSX: BEI.UN) Boardwalk REIT (“Boardwalk”, “The Trust”) declared today its regular distribution for the month of February 2020 to be $0.0834 per Trust Unit, which equates to $1.00 per Trust Unit on an annualized basis.  The February distribution will be payable on March 16,… [Read More]

Timbercreek Financial Declares February 2020 Dividend and Will Release Fourth Quarter and Year End 2019 Financial Results on March 6, 2020

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TORONTO, Feb. 20, 2020 (GLOBE NEWSWIRE) — Timbercreek Financial (TSX: TF) (the “Company”) is pleased to announce that its board of directors (the “Board”) has declared a monthly cash dividend of $0.0575 per common share (“Common Share”) of the Company to be paid on March 13, 2020 to holders of Common Shares of record on… [Read More]

Sandpiper Announces 10% Ownership in Dream Office REIT

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VANCOUVER, Feb. 20, 2020 /CNW/ – Sandpiper Group (“Sandpiper”) announced today that on February 20, 2020, it acquired, through Sandpiper Opportunity Fund 5 Limited Partnership (“SOF5LP“), an aggregate of 372,000 REIT A Units (“Units”) of Dream Office Real Estate Investment Trust (“Dream Office” or the “REIT”)(TSX: D.UN) in the open market through the facilities of the… [Read More]

Genworth MI Canada Inc. Completes Issuance of $300 Million of Unsecured Debentures due March 1, 2027 and Announces Redemption on March 23, 2020 of its Outstanding 5.68% Debentures due June 15, 2020

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TORONTO, Feb. 20, 2020 /CNW/ – Genworth MI Canada Inc. (the “Company”) (TSX: MIC) announced that it today completed its previously announced offering (the “Offering”) of $300 million of 2.955% debentures due March 1, 2027 (the “Debentures”). The offering was made through a syndicate of agents led by CIBC World Markets Inc., Scotia Capital Inc.,… [Read More]

Inovalis REIT Announces Vanves Property Sale

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/NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES/ TORONTO, Feb. 20, 2020 /CNW/ – Inovalis Real Estate Investment Trust (“Inovalis REIT” or the “REIT”) (TSX: INO.UN) announced today that the REIT has successfully closed the disposition of its Vanves property (“Vanves” or “Property”) on December 16th, 2019 for net proceeds… [Read More]

Northview Apartment REIT Announces Agreement to be Acquired by Starlight and KingSett for $36.25 Per Unit in Cash in a Transaction Valued at $4.8 Billion

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CALGARY, Alberta, Feb. 20, 2020 (GLOBE NEWSWIRE) — Northview Apartment Real Estate Investment Trust (“Northview”) (TSX:NVU.UN) announced today that it has entered into an arrangement agreement (the “Arrangement Agreement”) with affiliates of Starlight Group Property Holdings Inc. (“Starlight”) and KingSett Capital Inc. (“KingSett”) (collectively, the “Purchasers”) pursuant to which the Purchasers will acquire Northview, and… [Read More]

Allied Announces Renewal of Normal Course Issuer Bid

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TORONTO, Feb. 20, 2020 (GLOBE NEWSWIRE) — Allied Properties REIT (TSX:AP.UN)(“Allied”) announced today that it has received approval from the Toronto Stock Exchange (“TSX”) for a normal course issuer bid (“NCIB”) which will enable it to purchase up to 12,100,300 of its 122,838,799 issued and outstanding units (“Units”) as at February 10, 2020, representing approximately… [Read More]

RioCan Announces Fourth Quarter and Year End Results for 2019

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TORONTO, Feb. 20, 2020 (GLOBE NEWSWIRE) — RioCan Real Estate Investment Trust (“RioCan” or the “Trust”) today announced its financial results for the three months (“Fourth Quarter”) and year ended December 31, 2019. “We are pleased to announce that our major market portfolio, as of December 31, 2019, provides us with 90.1% of our annualized revenue,… [Read More]

Genworth MI Canada Inc. Announces Special Dividend

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TORONTO, Feb. 19, 2020 /CNW/ – The Board of Directors of Genworth MI Canada Inc. (the “Company“) (TSX: MIC) today announced that it has declared a special dividend of $2.32 per common share, for an aggregate amount of approximately $200 million. This special dividend is to be paid on March 19, 2020, to shareholders of record… [Read More]

Summit Industrial Income REIT Reports Record Growth and Operating Performance in 2019

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TORONTO, Feb. 19, 2020 /CNW/ – Summit Industrial Income REIT (“Summit II” or the “REIT”) (TSX: SMU.UN) announced today record operating and financial performance for the three months and year ended December 31, 2019. 2019 Highlights: Revenues up 54.3% on portfolio growth, high stable occupancies and rent increases. Occupancy strong at 98.5% with average lease… [Read More]

SmartCentres Declares Distribution for February 2020

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TORONTO, Feb. 19, 2020 (GLOBE NEWSWIRE) — SmartCentres Real Estate Investment Trust (“SmartCentres”) (TSX:SRU.UN) announced today that the trustees of SmartCentres have declared a distribution for the month of February 2020 of CDN $0.15417 per trust unit, representing CDN $1.85 per unit on an annualized basis.  Payment will be made on March 16, 2020 to… [Read More]