WINNIPEG, MB, Jan. 31, 2023 /CNW/ – Lanesborough Real Estate Investment Trust (“LREIT“) (TSXV: LRT.UN) announces today that it has entered into three asset purchase agreements (the “Agreements“) in connection with the sale of: (i) Laird’s Landing, 302 Parsons Creek Drive, Fort McMurray, Alberta (“Laird’s Landing“); (ii) Lakewood Manor Apartments, 108 Loutit Road, Fort McMurray,… [Read More]
BSR REIT to Report Fourth Quarter 2022 Financial Results on March 8, 2023
LITTLE ROCK, Ark. and TORONTO, ON, Jan. 31, 2023 /CNW/ – BSR Real Estate Investment Trust (the “REIT”) (TSX: HOM.U) (TSX: HOM.UN) today announced that it will release its 2022 fourth quarter financial results after market close on Wednesday, March 8th, 2023. Dan Oberste, Chief Executive Officer, and Brandon Barger, Chief Financial Officer, will host… [Read More]
5 Essential Inclusions in Your Diet for Becoming a Bodybuilder
Becoming a bodybuilder is ascribing to a very specific lifestyle. Diet is the first consideration. Read on for more. Becoming a bodybuilder is not an easy task. It requires a well thought out training program and of course a very focused diet. You can train every day with high intensity and for many hours,… [Read More]
MINTO APARTMENT REIT TO REPORT FOURTH QUARTER 2022 FINANCIAL RESULTS ON MARCH 8, 2023
OTTAWA, ON, Jan. 30, 2023 /CNW/ – Minto Apartment Real Estate Investment Trust (the “REIT”) (TSX: MI.UN) today announced that it will release its 2022 fourth quarter financial results after market close on Wednesday, March 8th, 2023. Michael Waters, Chief Executive Officer, Jonathan Li, President and Chief Operating Officer and Edward Fu, Chief Financial Officer, will host… [Read More]
Slate Office REIT Announces Results of Meeting of Holders of Its 5.25% Convertible Unsecured Subordinated Debentures
TORONTO–(BUSINESS WIRE)–Slate Office REIT (TSX: SOT.UN) (the “REIT”), an owner and operator of high-quality workplace real estate, announced today that the holders (the “Debentureholders”) of its 5.25% convertible unsecured subordinated debentures, due February 28, 2023 (the “Debentures”), have adopted an extraordinary resolution (the “Extraordinary Resolution”) to approve the implementation of certain amendments to the terms of the Debentures (the “Amendments”) at a meeting of the Debentureholders held on January 27, 2023 (the “Meeting”).
The adoption of the Extraordinary Resolution was overwhelmingly supported by the Debentureholders at the Meeting, with the adoption being approved by holders of approximately 89% of the outstanding principal amount of the Debentures in attendance at the Meeting.
The Amendments approved by the Debentureholders at the Meeting will: (i) increase the interest rate of the Debentures from 5.25% to 9.00%, effective February 28, 2023; (ii) decrease the conversion price of the Debentures from $10.53 per trust unit of the REIT (each, a “Unit”) to $5.50 per Unit; (iii) extend the maturity date of the Debentures from February 28, 2023 to February 28, 2026; and (iv) provide that the Debentures are not redeemable prior to February 28, 2025 and, at any time after February 28, 2025, the REIT will be permitted to redeem the amended Debentures, in whole or in part at a price equal to the principal amount thereof plus accrued and unpaid interest to, but excluding, the date of the redemption. The Amendments are described in detail in the REIT’s consent and proxy solicitation statement dated December 29, 2022, and available on the REIT’s SEDAR profile at www.sedar.com.
The Amendments will be implemented by way of a supplemental indenture to be entered into by the REIT and TSX Trust Company, as trustee for the Debentures (the “Supplemental Indenture”), which is expected to occur prior to February 28, 2023. Once entered into, the Supplemental Indenture will be filed on SEDAR under the REIT’s profile at www.sedar.com in accordance with applicable securities laws.
About Slate Office REIT (TSX: SOT.UN)
Slate Office REIT is a global owner and operator of high-quality workplace real estate. The REIT owns interests in and operates a portfolio of strategic and well-located real estate assets in North America and Europe. The majority of the REIT’s portfolio is comprised of government and high-quality credit tenants. The REIT acquires quality assets at a discount to replacement cost and creates value for unitholders by applying hands-on asset management strategies to grow rental revenue, extend lease term and increase occupancy. Visit slateofficereit.com to learn more.
About Slate Asset Management
Slate Asset Management is a global alternative investment platform targeting real assets. We focus on fundamentals with the objective of creating long-term value for our investors and partners. Slate’s platform has a range of real estate and infrastructure investment strategies, including opportunistic, value add, core plus and debt investments. We are supported by exceptional people and flexible capital, which enable us to originate and execute on a wide range of compelling investment opportunities. Visit slateam.com to learn more.
Forward-Looking Statements
Certain information herein constitutes “forward-looking information” as defined under Canadian securities laws which reflect management’s expectations regarding objectives, plans, goals, strategies, future growth, results of operations, performance, business prospects and opportunities of the REIT. The words “plans”, “expects”, “does not expect”, “scheduled”, “estimates”, “intends”, “anticipates”, “does not anticipate”, “projects”, “believes”, or variations of such words and phrases or statements to the effect that certain actions, events or results “may”, “will”, “could”, “would”, “might”, “occur”, “be achieved”, or “continue” and similar expressions identify forward-looking statements. Such forward-looking statements are qualified in their entirety by the inherent risks and uncertainties surrounding future expectations.
Forward-looking statements are necessarily based on a number of estimates and assumptions that, while considered reasonable by management as of the date hereof, are inherently subject to significant business, economic and competitive uncertainties and contingencies. When relying on forward-looking statements to make decisions, the REIT cautions readers not to place undue reliance on these statements, as forward-looking statements involve significant risks and uncertainties and should not be read as guarantees of future performance or results, and will not necessarily be accurate indications of whether or not the times at or by which such performance or results will be achieved. A number of factors could cause actual results to differ, possibly materially, from the results discussed in the forward-looking statements. Additional information about risks and uncertainties is contained in the filings of the REIT with securities regulators.
SOT-SA
Contacts
For Further Information
Investor Relations
+1 416 644 4264
ir@slateam.com
Slate Grocery REIT Announces Normal Course Issuer Bid
TORONTO–(BUSINESS WIRE)–Slate Grocery REIT (TSX: SGR.U) (TSX: SGR.UN) (the “REIT”), an owner and operator of U.S. grocery-anchored real estate, announced today that it has received approval from the Toronto Stock Exchange (the “TSX”) to commence a normal course issuer bid (the “NCIB”), effective as at the open of markets on February 1, 2023, to repurchase for cancellation up to 5,655,086 class U units of the REIT (the “Class U Units”) or approximately 10% of the public float of 56,550,865 Class U Units as of January 18, 2023.
As of January 18, 2023, 60,204,475 Class U Units were outstanding. The REIT may purchase Class U Units for cancellation over the 12-month period commencing February 1, 2023 and ending on January 31, 2024. Any purchases under the NCIB will be made through the facilities of the TSX and/or through other permitted means, including through one or more alternative Canadian trading systems, and in accordance with applicable regulatory requirements at the prevailing market price on the TSX or the applicable alternative Canadian trading system at the time of purchase or such other price as may be permitted by the TSX at the time of acquisition.
Subject to certain prescribed exemptions and any block purchase made in accordance with the rules of the TSX, the number of Class U Units that can be purchased pursuant to the NCIB is subject to a daily maximum of 22,736 Class U Units, or approximately 25% of the average daily trading volume during the period from July 1, 2022 to December 31, 2022 (being 90,947 Class U Units per day). The actual number of Class U Units which may be purchased (if any), and the timing of any such purchases, will be determined by the REIT. Any Class U Units purchased under the NCIB will be cancelled following purchase. The REIT intends to fund the purchases of Class U Units under its NCIB out of the general funds of the REIT.
Management believes it is prudent to have numerous capital allocation strategies available to it. Management may determine that using the NCIB to return capital to its unitholders at a particular time is in the best interest of the REIT, which will increase unitholder value, and that such purchases constitute a desirable use of the REIT’s funds.
About Slate Grocery REIT (TSX: SGR.U / SGR.UN)
Slate Grocery REIT is an owner and operator of U.S. grocery-anchored real estate. The REIT owns and operates approximately US$2.4 billion of critical real estate infrastructure across major U.S. metro markets that communities rely upon for their daily needs. The REIT’s resilient grocery-anchored portfolio and strong credit tenants provide unitholders with durable cash flows and the potential for capital appreciation over the longer term. Visit slategroceryreit.com to learn more about the REIT.
About Slate Asset Management
Slate Asset Management is a global alternative investment platform targeting real assets. We focus on fundamentals with the objective of creating long-term value for our investors and partners. Slate’s platform has a range of real estate and infrastructure investment strategies, including opportunistic, value add, core plus and debt investments. We are supported by exceptional people and flexible capital, which enable us to originate and execute on a wide range of compelling investment opportunities. Visit slateam.com to learn more.
Forward-Looking Statements
Certain information herein constitutes “forward-looking information” as defined under Canadian securities laws which reflect management’s expectations regarding objectives, plans, goals, strategies, future growth, results of operations, performance, business prospects and opportunities of the REIT. The words “plans”, “expects”, “does not expect”, “scheduled”, “estimates”, “intends”, “anticipates”, “does not anticipate”, “projects”, “believes”, or variations of such words and phrases or statements to the effect that certain actions, events or results “may”, “will”, “could”, “would”, “might”, “occur”, “be achieved”, or “continue” and similar expressions identify forward-looking statements. Such forward-looking statements are qualified in their entirety by the inherent risks and uncertainties surrounding future expectations.
Forward-looking statements are necessarily based on a number of estimates and assumptions that, while considered reasonable by management as of the date hereof, are inherently subject to significant business, economic and competitive uncertainties and contingencies. When relying on forward-looking statements to make decisions, the REIT cautions readers not to place undue reliance on these statements, as forward-looking statements involve significant risks and uncertainties and should not be read as guarantees of future performance or results, and will not necessarily be accurate indications of whether or not the times at or by which such performance or results will be achieved. A number of factors could cause actual results to differ, possibly materially, from the results discussed in the forward-looking statements. Additional information about risks and uncertainties is contained in the filings of the REIT with securities regulators.
SGR-Fin
Contacts
Investor Relations
+1 416 644 4264
ir@slateam.com
InterRent REIT Announces Timing of Fourth Quarter 2022 Results and Conference Call
Not for Distribution to United States Newswire Services or for Dissemination in the United States
OTTAWA, Ontario–(BUSINESS WIRE)–InterRent Real Estate Investment Trust (TSX-IIP.UN) (“InterRent”) announced today that it will release its 2022 fourth quarter financial results before the market opens on Tuesday, March 7, 2023. Management will host a conference call and webcast to speak to these results on Tuesday, March 7, 2023 at 10:00 AM EST.
Conference Call & Webcast
The dial-in numbers for the conference call are 1-888-886-7786 (toll free) and 416-764-8658 (international). No access code required.
The webcast will be accessible at: https://www.interrentreit.com/2022-q4-results. A replay will be available for 7 days after the webcast at the same link.
About InterRent
InterRent REIT 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.
InterRent’s strategy is to expand its portfolio primarily within markets that have exhibited stable market vacancies, sufficient suites available to attain the critical mass necessary to implement an efficient portfolio management structure and, offer opportunities for accretive acquisitions.
InterRent’s primary objectives are to use the proven industry experience of the Trustees, Management and Operational Team to: (i) to grow both funds from operations per Unit and net asset value per Unit through investments in a diversified portfolio of multi-residential properties; (ii) to provide Unitholders with sustainable and growing cash distributions, payable monthly; and (iii) to maintain a conservative payout ratio and balance sheet.
The Toronto Stock Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
Contacts
Investor Relations
investorinfo@interrentreit.com
www.interrentreit.com
Genesis Land Development Corp. Announces Appointment of New Director
CALGARY, AB, Jan. 27, 2023 /CNW/ – Genesis Land Development Corp. (TSX: GDC) (“Genesis” or the “Corporation”) is pleased to announce the appointment of Calvin Younger as a member of the Board of Directors of the Corporation effective immediately. Mr. Younger is Senior Vice President and Head, Real Estate Finance â Canada, Business and Corporate… [Read More]
Dream Impact Trust Q4 2022 Financial Results Release Date, Webcast and Conference Call
TORONTO–(BUSINESS WIRE)–DREAM IMPACT TRUST (TSX: MPCT.UN) (“Dream Impact” or the “Trust”) will be releasing its financial results for the quarter ended December 31, 2022, on Monday, February 13, 2023.
Senior management will be hosting a conference call to discuss the financial results. Participants may join the conference call by audio or webcast.
Conference Call: |
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Date: |
Tuesday, February 14, 2023 at 1:00 p.m. (ET) |
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Audio: |
To access the conference call, click on the following link to register for the audio conference: https://register.vevent.com/register/BI4a384477ded94427821cfc5d69562620. Once registered, participants will receive an email with dial-in details, including a unique PIN. |
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Webcast: |
A live webcast will also be available in listen-only mode. To access the simultaneous webcast, go to the Calendar of Events on the News and Events page on Dream Impact’s website at www.dreamimpacttrust.ca and click on the link for the webcast. |
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Digital Replay: |
A taped replay of the call will be available for ninety (90) days. For access details, please click on the Calendar of Events on Dream Impact’s website. |
About Dream Impact
Dream Impact Trust is an open-ended trust dedicated to impact investing. Dream Impact’s underlying portfolio is comprised of exceptional real estate assets reported under two operating segments: development and investing holdings, and recurring income, that would not be otherwise available in a public and fully transparent vehicle, managed by an experienced team with a successful track record in these areas. The objectives of Dream Impact are to create positive and lasting impacts for our stakeholders through our three impact verticals: environmental sustainability and resilience, attainable and affordable housing, and inclusive communities; while generating attractive returns for investors. For more information, please visit: www.dreamimpacttrust.ca.
Contacts
For further information:
Meaghan Peloso
Chief Financial Officer
(416) 365-6322
mpeloso@dream.ca
Kimberly Lefever
Director, Investor Relations
(416) 365-6339
klefever@dream.ca
Dream Industrial REIT Q4 2022 Financial Results Release Date, Webcast and Conference Call
TORONTO–(BUSINESS WIRE)–DREAM INDUSTRIAL REIT (TSX: DIR.UN) (“Dream Industrial”) will be releasing its financial results for the quarter ended December 31, 2022, on Tuesday, February 14, 2023.
Senior management will be hosting a conference call to discuss the financial results. Participants may join the conference call by audio or webcast.
Conference Call: |
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Date: |
Wednesday, February 15, 2023 at 1:00 p.m. (ET) |
Audio: |
To access the conference call, click on the following link to register for the audio conference: https://register.vevent.com/register/BI5f5b530163fc4e88a2bf7f7ab33b3a8f. |
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Once registered, participants will receive an email with dial-in details including a unique PIN. |
Webcast: |
A live webcast will also be available in listen-only mode. To access the simultaneous webcast, go to the Calendar of Events on the News and Events page on Dream Industrial REIT’s website at www.dreamindustrialreit.ca and click the link for the webcast. |
Digital Replay: |
A taped replay of the call will be available for ninety (90) days. For access details, please click on the Calendar of Events on Dream Industrial’s website. |
About Dream Industrial
Dream Industrial REIT is an unincorporated, open-ended real estate investment trust. As at September 30, 2022, Dream Industrial REIT owns, manages and operates a portfolio of 258 industrial totaling approximately 46.5 million square feet of gross leasable area in key markets across Canada, Europe, and the U.S. Dream Industrial REIT’s objective is to continue to grow and upgrade the quality of its portfolio which primarily consists of distribution and urban logistics properties and to provide attractive overall returns to its unitholders. For more information, please visit our website at www.dreamindustrialreit.ca.
Contacts
Brian Pauls
Chief Executive Officer
(416) 365-2365
bpauls@dream.ca
Lenis Quan
Chief Financial Officer
(416) 365-2353
lquan@dream.ca
Alexander Sannikov
Chief Operating Officer
(416) 365-4106
asannikov@dream.ca
Dream Office REIT Q4 2022 Financial Results Release Date, Webcast and Conference Call
TORONTO–(BUSINESS WIRE)–DREAM OFFICE REIT (TSX: D.UN) (“Dream Office”) will be releasing its financial results for the quarter ended December 31, 2022, on Thursday, February 16, 2023.
Senior management will be hosting a conference call to discuss the financial results. Participants may join the conference call by audio or webcast.
Conference Call: |
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Date: |
Friday, February 17, 2023 at 10:00 a.m. (ET) |
Audio: |
To access the conference call, click on the following link to register for the audio conference: https://register.vevent.com/register/BI1a5208fa14dc429f931477da61006868. |
Webcast: |
A live webcast will also be available in listen-only mode. To access the simultaneous webcast, go to the Calendar of Events on the News and Events page on Dream Office’s website at www.dreamofficereit.ca and click on the link for the webcast. |
Digital Replay: |
A taped replay of the call will be available for ninety (90) days. For access details, please click on the Calendar of Events on Dream Office’s website. |
About Dream Office
Dream Office REIT is an unincorporated, open-ended real estate investment trust. Dream Office REIT is a premier office landlord in downtown Toronto with over 3.5 million square feet owned and managed. We have carefully curated an investment portfolio of high-quality assets in irreplaceable locations in one of the finest office markets in the world. For more information, please visit our website at www.dreamofficereit.ca.
Contacts
Michael J. Cooper
Chairman and Chief Executive Officer
(416) 365-5145
mcooper@dream.ca
Jay Jiang
Chief Financial Officer
(416) 365-6638
jjiang@dream.ca
Dream Unlimited Corp. Q4 2022 Financial Results Release Date, Webcast and Conference Call
TORONTO–(BUSINESS WIRE)–Dream Unlimited Corp. (TSX: DRM) (“Dream”) will be releasing its financial results for the quarter ended December 31, 2022, on Tuesday, February 21, 2023.
Senior management will be hosting a conference call to discuss the financial results. Participants may join the conference call by audio or webcast.
Conference Call: |
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Date: |
Tuesday, February 21, 2023 at 5:00 p.m. (ET) |
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Audio: |
To access the conference call, click on the following link to register for the audio conference: https://register.vevent.com/register/BIc5adda2edc5b47eaa717e6d719fe9856. Once registered, participants will receive an email with dial-in details, including a unique PIN. |
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Webcast: |
A live webcast will also be available in listen-only mode. To access the simultaneous webcast, go to the Calendar of Events on the News and Events page on Dream’s website at www.dream.ca and click on the link for the webcast. |
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Digital Replay: |
A taped replay of the call will be available for ninety (90) days. For access details, please click on the Calendar of Events on Dream’s website. |
About Dream
Dream is a leading developer of exceptional office and residential assets in Toronto, owns stabilized income generating assets in both Canada and the U.S., and has an established and successful asset management business, inclusive of $17 billion of assets under management across four Toronto Stock Exchange listed trusts, our private asset management business and numerous partnerships. We also develop land and residential assets in Western Canada. Dream expects to generate more recurring income in the future as its urban development properties are completed and held for the long term. Dream has a proven track record for being innovative and for our ability to source, structure and execute on compelling investment opportunities For more information, please visit our website at: www.dream.ca.
Contacts
Deb Starkman
Chief Financial Officer
(416) 365-4124
dstarkman@dream.ca
Kim Lefever
Director, Investor Relations
(416) 365-6339
klefever@dream.ca
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