Partners Real Estate Investment Trust announces change of time to receive proxies
12 December 2011 - 10:45PM
PR Newswire (Canada)
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LAWS./ TORONTO, Dec. 14, 2011 /CNW/ - Partners Real Estate
Investment Trust ("Partners REIT") notes that the special meeting
of unitholders of Partners REIT to consider, among other things, a
proposed transaction with NorRock Realty Finance Corporation
("NorRock") is scheduled to take place on December 15, 2011 at
11:00 a.m. Eastern time. The trustees of Partners REIT have
determined to accept proxies up until the time of the special
meeting. Details of both the NorRock special meeting and the
Partners REIT special meeting and the matters being considered are
set out in a joint management proxy circular (the "Circular") dated
November 16, 2011 that has been mailed to all unitholders of
Partners REIT and shareholders of NorRock. A copy of the Circular
is available electronically at www.sedar.com. Forward-looking
Statements Certain statements included in this press release
constitute forward-looking statements, including, but not limited
to, those identified by the expressions "believe", "expect,"
"will", "offers the opportunity", "intend, "look forward" and
similar expressions to the extent they relate to Partners REIT and
NorRock. The forward-looking statements are not historical facts
but reflect Partners REIT's current expectations regarding future
results or events. These forward looking statements are subject to
a number of risks and uncertainties that could cause actual results
or events to differ materially from current expectations, including
unitholder approval of the proposed transaction and the proposed
consolidation of Partners REIT's units; our ability to obtain
court, regulatory, securityholder and other approvals in connection
with the proposed transaction with NorRock; the fulfillment of
conditions precedent to closing the transaction and the successful
completion of the transaction with NorRock; our expectations
regarding an increase in funds available to Partners REIT as a
result of the acquisition of the assets of NorRock, our
expectations regarding the retention or sale of the mortgages and
other assets acquired by Partners REIT in connection with the
transaction with NorRock; Partners REIT's status as a "real estate
investment trust" and the application of the SIFT Rules (as that
term is defined in the Circular); Partners REIT's intention to
continue to grow and diversify its portfolio; intended
acquisitions; and general economic and industry conditions.
Although Partners REIT believes that the assumptions inherent in
the forward-looking statements are reasonable, forward-looking
statements are not guarantees of future performance and,
accordingly, readers are cautioned not to place undue reliance on
such statements due to the inherent uncertainty therein. The
forward-looking statements contained in this press release reflect
our current views with respect to future events and are also
subject to certain other risks and uncertainties and other risks
detailed from time-to-time in Partners REIT's ongoing filings with
the securities regulatory authorities, which filings can be found
at www.sedar.com. Actual results, events, and performance may
differ materially from those contemplated in Partners REIT's
forward-looking statements. Readers are cautioned not to place
undue reliance on these forward-looking statements. Partners REIT
does not undertake any obligation to publicly update or revise any
forward-looking statements either as a result of new information,
future events or otherwise, except as required by applicable
securities laws. Neither the TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in policies
of the TSX Venture Exchange) accepts responsibility for the
adequacy or accuracy of this release. Partners REIT CONTACT:
Partners REIT:Patrick Miniutti, President and Chief Operating
Officer (250) 940-5500
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