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Partners REIT Comments on Proposed Amendment to Declaration of Trust

November 23, 2018 By Globenewswire Tagged With: TSX:PAR.UN

TORONTO, Nov. 23, 2018 (GLOBE NEWSWIRE) — Partners Real Estate Investment Trust (“Partners REIT” or the “REIT”) (TSX:PAR.UN) announced on October 24, 2018 that the Board of Trustees has called a special meeting of unitholders to consider, and if deemed appropriate, pass a special resolution to amend the REIT’s Declaration of Trust to delete references to a unitholder vote being required for a sale of all or substantially all the assets of the REIT or for a liquidation or wind-up of the REIT.  As noted in the Information Circular provided to unitholders, such an amendment would provide the Board of Trustees with the authority to effect the sale of all or substantially all of the assets of the REIT and a possible liquidation or wind-up of the REIT without a requirement for a further vote of the unitholders. 

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