/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/ WINNIPEG, MB, April 18, 2023 /CNW/ – Marwest Apartment Real Estate Investment Trust (“Marwest Apartment REIT” or the “REIT”) (TSXV: MAR.UN) announced that its Trustees have declared a monthly cash distribution of $0.00125 per trust unit (“Trust Unit”) of the… [Read More]
RESAAS Enters into Partnership with Rocket Mortgage Canada
VANCOUVER, BC, April 18, 2023 /CNW/ – RESAAS Services Inc. (TSXV: RSS) (OTCQB: RSASF), (“RESAAS” or the “Company”), a leading provider of technology solutions for the Real Estate Industry, has announced a preliminary partnership with Rocket Mortgage Canada. Rocket Mortgage Canada is a digital mortgage broker, using technology to deliver a revolutionized mortgage process. The partnership… [Read More]
ARTIS REAL ESTATE INVESTMENT TRUST ANNOUNCES RESULTS OF RECLASSIFICATION ELECTIONS BY HOLDERS OF SERIES I PREFERRED UNITS
WINNIPEG, MB, April 18, 2023 /CNW/ – Artis Real Estate Investment Trust (TSX: AX.UN) (“Artis” or the “REIT”) announced today that it has determined, based upon the election of holders of Preferred Units, Series I (“Series I Units“) (AX.PR.I), that fewer than 500,000 Series J Units would be issued on May 1, 2023 (being the… [Read More]
Home Capital Receives No-Action Letter Under the Competition Act for Acquisition by Smith Financial Corporation
TORONTO–(BUSINESS WIRE)–Home Capital Group Inc. (“Home Capital”) (TSX: HCG) is pleased to announce that the Commissioner of Competition has issued a “no-action letter” in respect of Home Capital’s previously-announced plan of arrangement under the Business Corporations Act (Ontario) (the “Arrangement”). Under the Arrangement, a wholly-owned subsidiary of Smith Financial Corporation (“SFC”) has agreed to acquire the issued and outstanding common shares of Home Capital that SFC does not already own for $44.00 in cash per share (the “Purchase Price”), subject to increase in certain circumstances described below. The issuance of the no-action letter satisfies the Competition Act closing condition of the Arrangement.
Completion of the Arrangement remains subject to the receipt of regulatory approvals under the Bank Act (Canada) and the Trust and Loan Companies Act (Canada). Subject to obtaining all remaining required regulatory approvals and the satisfaction or waiver of the remaining customary closing conditions, the Arrangement is anticipated to be completed in mid-2023. If the Arrangement closes on or after May 20, 2023, the Purchase Price will be increased by an amount equal to $0.00273973 per share in cash per day up to and including the day prior to the closing of the Arrangement (equivalent to approximately $0.25 per share for every three-month delay beyond May 20, 2023).
Caution Regarding Forward-Looking Statements
This press release contains forward-looking information within the meaning of applicable Canadian securities legislation, including relating to whether, and when, the Arrangement will be consummated and the anticipated receipt of required regulatory approvals, including the timing thereof. Such forward-looking information necessarily involves known and unknown risks and uncertainties and assumptions. These risks, uncertainties and assumptions include, but are not limited to failure to, in a timely manner, or at all, obtain the necessary required regulatory approvals for the Arrangement and other customary risks associated with transactions of this nature. Therefore, forward-looking information should be considered carefully and undue reliance should not be placed on such information. Please note that forward-looking information in this news release reflects management’s expectations as of the date hereof, and therefore is subject to change. Home Capital disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by law. Please refer to Home Capital’s 2022 Annual and Fourth Quarter Report, available on Home Capital’s website at www.homecapital.com, and on SEDAR at www.sedar.com, for Home Capital’s Caution Regarding Forward-looking Statements.
About Home Capital
Home Capital is a public company, traded on the Toronto Stock Exchange (HCG), operating through its principal subsidiary, Home Trust Company. Home Trust Company is a federally regulated trust company offering residential and non-residential mortgage lending, securitization of residential mortgage products, consumer lending and credit card services. In addition, Home Trust Company and its wholly owned subsidiary, Home Bank, offer deposits via brokers and financial planners, and through a direct-to-consumer brand, Oaken Financial. Licensed to conduct business across Canada, we have offices in Ontario, Alberta, British Columbia, Nova Scotia, and Quebec.
Contacts
Home Capital Group Inc.
Jill MacRae
VP, Investor Relations and ESG
416-933-4991
Investor.relations@hometrust.ca
MINTO APARTMENT REIT ANNOUNCES APRIL 2023 CASH DISTRIBUTION
OTTAWA, ON, April 17, 2023 /CNW/ – Minto Apartment Real Estate Investment Trust (the “REIT”) (TSX: MI.UN) today announced a cash distribution of $0.04083 per REIT unit for the month of April 2023, representing $0.49 per REIT unit on an annualized basis. Payment will be made on May 15, 2023 to unitholders of record as… [Read More]
BSR REIT Announces April 2023 Cash Distribution
LITTLE ROCK, Ark. and TORONTO, April 17, 2023 /CNW/ – BSR Real Estate Investment Trust (the “REIT”) (TSX: HOM.U) (TSX: HOM.UN) today announced a cash distribution of US$0.0433 per REIT unit for the month of April 2023, representing US$0.52 per REIT unit on an annualized basis. Payment will be made on May 15, 2023 to… [Read More]
First Capital REIT Announces April 2023 Distribution
TORONTO, April 17, 2023 /CNW/ – First Capital REIT (“First Capital”) (TSX: FCR.UN) announced today that it will make a cash distribution of $0.072 per REIT unit for the month of April, representing approximately $0.86 per REIT unit on an annualized basis. The distribution will be paid on May 15, 2023 to unitholders of record… [Read More]
ERES REIT Declares April 2023 Monthly Distribution
TORONTO, April 17, 2023 (GLOBE NEWSWIRE) — European Residential Real Estate Investment Trust (TSX: ERE.UN, “ERES”) is pleased to announce that the trustees of ERES have declared the April 2023 monthly cash distribution of €0.01 per Unit and Class B LP Unit (the “April Distribution”), being equivalent to €0.12 per Unit annualized. The distribution will… [Read More]
CAPREIT Announces April 2023 Distribution
TORONTO, April 17, 2023 (GLOBE NEWSWIRE) — Canadian Apartment Properties Real Estate Investment Trust (“CAPREIT”) (TSX: CAR.UN) announced today its April 2023 monthly distribution in the amount of $0.12084 per Unit (or $1.45 on an annualized basis). The April distribution will be payable on May 15, 2023 to Unitholders of record on April 28, 2023…. [Read More]
Northview Fund Announces April Distribution
Not for distribution to U.S. newswire services or for dissemination in the United States. CALGARY, Alberta, April 17, 2023 (GLOBE NEWSWIRE) — Northview Fund (the “Fund”) today announced its April 2023 cash distribution amounts on its outstanding Class A Units, Class C Units and Class F Units Class (collectively, the “Units”), payable on May 15,… [Read More]
RioCan Real Estate Investment Trust Announces April 2023 Distribution
TORONTO, April 17, 2023 (GLOBE NEWSWIRE) — RioCan Real Estate Investment Trust (“RioCan”) (TSX: REI.UN) today announced a distribution of 9 cents per unit for the month of April. The distribution will be payable on May 5, 2023 to unitholders of record as at April 28, 2023. About RioCanRioCan is one of Canada’s largest real… [Read More]
ARTIS REAL ESTATE INVESTMENT TRUST ANNOUNCES MONTHLY CASH DISTRIBUTION
WINNIPEG, MB, April 17, 2023 /CNW/ – Artis Real Estate Investment Trust (“Artis” or the “REIT”) (TSX: AX.UN) announced that its trustees have declared a monthly cash distribution of $0.05 per trust unit (“Unit”) of Artis for the month of April, 2023. The cash distributions will be made on May 15, 2023 to Unitholders on record… [Read More]
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