TORONTO, Dec. 12, 2019 /CNW/ – Summit Industrial Income REIT (“Summit” or the “REIT”) (TSX: SMU.UN) announced today that it has waived conditions and will acquire 100% of a 184,561 square foot single tenant light industrial property located in Markham, Ontario. The property is situated on a 11.7-acre site with low 36% site coverage, providing the… [Read More]
Chartwell Further Strengthens its Portfolio and Liquidity
MISSISSAUGA, ON, Dec. 12, 2019 /CNW/ – Chartwell Retirement Residences (“Chartwell”) (TSX: CSH.UN) announced today that it completed the acquisition of a 256-suite retirement residence in Edmonton, Alberta; entered into a borrowing agreement with a Canadian chartered bank for a $125 million unsecured term loan; and completed the sale of its interest in a medical… [Read More]
True North Commercial Real Estate Investment Trust Closes Acquisition of GTA Class “A”, LEED® Gold Certified Office Property
252,500 square feet, 100% occupied, lease term of 7.2 years /NOT FOR DISTRIBUTION IN THE U.S. OR OVER U.S. NEWSWIRES/ TORONTO, Dec. 12, 2019 /CNW/ – True North Commercial Real Estate Investment Trust (TSX: TNT.UN) (the “REIT“) is pleased to announce it has closed the previously announced acquisition of a Class “A” office property located at… [Read More]
Partners REIT Announces Completion of Plan of Arrangement
TORONTO, Dec. 12, 2019 (GLOBE NEWSWIRE) — Partners Real Estate Investment Trust (the âREITâ or âPartnersâ) (TSX: PAR.UN) and McCowan and Associates Ltd. (âMAAâ) today jointly announced the completion of the previously announced statutory plan of arrangement (the âArrangementâ) pursuant to which, MAA acquired all of the outstanding units of the REIT (each, a âUnitâ),… [Read More]
Genworth MI Canada Inc. acknowledges closing of Genworth Financial, Inc. sale of majority interest to Brookfield Business Partners
TORONTO, Dec. 12, 2019 /CNW/ – Genworth MI Canada Inc. (the “Company“) (TSX: MIC) acknowledges closing of the previously announced sale of Genworth Financial, Inc.’s majority interest in the Company to Brookfield Business Partners L.P., together with its institutional partners (the “Transaction“). In connection with the Transaction, Brian Hurley, Rohit Gupta, Rajinder Singh and Jerome… [Read More]
RBC Royal Bank changes residential mortgage special rates
TORONTO, Dec. 12, 2019 /CNW/ – RBC Royal Bank announced today that it is increasing rates on new residential mortgage special offers effective December 17, 2019. The changes are as follows: Special Offer Rates* Three-year fixed closed 3.24 per cent (increased by 0.10 per cent) Four-year fixed closed 3.24 per cent (increased by 0.20 per cent)… [Read More]
Crombie REIT Announces Special Distribution
NEW GLASGOW, NS, Dec. 12, 2019 /CNW/ – Special Distribution Crombie REIT announced today that its Board of Trustees has declared a special distribution of $0.56 per unit. The distribution will be payable in units ($0.46 per unit) and cash ($0.10 per unit) to all Unitholders of record as at December 31, 2019. The distribution… [Read More]
Underlying Strength at Empire Drives Solid Second Quarter Fiscal 2020 Earnings
Second Quarter Summary Same-store sales excluding fuel increased by 2.0% Earnings per share of $0.57 compared to $0.38 last year Adjusted earnings per share of $0.58 compared to $0.40 last year Crombie REIT’s disposal of a 15 property portfolio positively impacted Empire’s adjusted EPS by $0.06 11 FreshCo locations will be opened in British Columbia… [Read More]
Dream Unlimited Corp. Acquires Units of Dream Office Real Estate Investment Trust
TORONTO, Dec. 11, 2019 (GLOBE NEWSWIRE) — Dream Unlimited Corp. (TSX: DRM and DRM.PR.A) (âDreamâ) announced today that that it has acquired 200,000 REIT Units, Series A (âUnitsâ) of Dream Office REIT (TSX: D.UN) (âDream Office REITâ), representing approximately 0.3% of the issued and outstanding Units on the Toronto Stock Exchange (the âTSXâ) for aggregate… [Read More]
The Becker Milk Company Limited: Six Month Financial Results and Special Dividend
TORONTO, Dec. 11, 2019 (GLOBE NEWSWIRE) — The Becker Milk Company Limited (the âCompanyâ) (TSX-BEK.B) is pleased to report the results for the six months ended October 31, 2019. HIGHLIGHTS Total revenues for the six months ended October 31, 2019 were $1,618,664 compared to $1,522,067 for the same period in 2018; Net operating income for… [Read More]
Invesque Announces December 2019 Dividend
/NOT FOR DISTRIBUTION TO THE U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES/ TORONTO, Dec. 11, 2019 /CNW/ – Invesque Inc. (TSX: IVQ.U and IVQ) announced today a cash dividend in the amount of US$0.06139 per common share for the period from December 1, 2019 to December 31, 2019. The dividend will be payable… [Read More]
Colliers International Declares Semi-Annual Dividend on Common Shares
TORONTO, Dec. 11, 2019 (GLOBE NEWSWIRE) — Colliers International Group Inc. (NASDAQ: CIGI) (TSX: CIGI) (“Colliers“) announced today that its board of directors has declared a semi-annual cash dividend on the outstanding Subordinate Voting Shares and Multiple Voting Shares (together, the “Common Shares“) of Colliers of US$0.05 per Common Share. This dividend is in accordance… [Read More]
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