HR.UN H and R Real Estate Investment Trust

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE
UNITED STATES. ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A
VIOLATION OF U.S. SECURITIES LAW.


H&R Real Estate Investment Trust ("H&R REIT")
(TSX:HR.UN)(TSX:HR.DB.C)(TSX:HR.DB.D)(TSX:HR.DB.E)(TSX:HR.DB.H) is pleased to
announce it has entered into an agreement to sell on a bought deal basis, to a
syndicate of underwriters co-led by RBC Capital Markets and CIBC $175 million
principal amount of senior unsecured debentures (the "Series G Debentures"). The
Series G Debentures will bear interest at a rate of 3.344% and will mature on
June 20, 2018.


The net proceeds from the offering of the Series G Debentures will be utilized
by H&R REIT to fund future property acquisitions and development, to repay
outstanding indebtedness and for general trust purposes.


DBRS Limited has provided H&R REIT with a provisional credit rating of BBB with
a stable trend relating to the Series G Debentures. Closing is expected to occur
on or about June 20, 2013.


The offering of the Series G Debentures is being made under H&R REIT's existing
short form base shelf prospectus dated April 3, 2013. The terms of the offering
of the Series G Debentures will be described in a prospectus supplement to be
filed with Canadian securities regulators.


About H&R REIT

H&R REIT is an open-ended real estate investment trust, which owns a North
American portfolio of 40 office, 112 industrial and 163 retail properties
comprising over 53 million square feet and 3 development projects, with a fair
value of approximately $13 billion. The foundation of H&R's success since
inception in 1996 has been a disciplined strategy that leads to consistent and
profitable growth. H&R REIT leases its properties to long-term creditworthy
tenants and strives to match those leases with primarily long-term, fixed-rate
financing.


Forward-looking Statements

Certain information in this news release contains forward-looking information
within the meaning of applicable securities laws (also known as forward-looking
statements) including, among others, statements relating to the objectives of
H&R REIT, strategies to achieve those objectives, H&R REIT's beliefs, plans,
estimates, and intentions, and similar statements concerning anticipated future
events, results, circumstances, performance or expectations that are not
historical facts. Forward-looking statements generally can be identified by
words such as "outlook", "objective", "may", "will", "expect", "intend",
"estimate", "anticipate", "believe", "should", "plans", "project", "budget" or
"continue" or similar expressions suggesting future outcomes or events. Such
forward-looking statements reflect H&R REIT's current beliefs and are based on
information currently available to management. 

These statements are not guarantees of future performance and are based on H&R
REIT's estimates and assumptions that are subject to risk and uncertainties,
including those discussed in H&R REIT's materials filed with the Canadian
securities regulatory authorities from time to time, which could cause the
actual results and performance of H&R REIT to differ materially from the
forward-looking statements contained in this news release. Those risks and
uncertainties include, among other things, risks related to: prices and market
value of securities of H&R REIT; availability of cash for distributions;
restrictions pursuant to the terms of indebtedness; liquidity; credit risk and
tenant concentration; interest rate and other debt related risk; tax risk;
ability to access capital markets; dilution; lease rollover risk; construction
risks; currency risk; unitholder liability; co-ownership interest in properties;
competition for real property investments; environmental matters; reliance on
one corporation for management of substantially all H&R REIT's properties; and
changes in legislation and indebtedness of H&R REIT. Material factors or
assumptions that were applied in drawing a conclusion or making an estimate set
out in the forward-looking statements include that the general economy is
stable; local real estate conditions are stable; interest rates are relatively
stable; and equity and debt markets continue to provide access to capital. H&R
REIT cautions that this list of factors is not exhaustive. Although the
forward-looking statements contained in this news release are based upon what
H&R REIT believes are reasonable assumptions, there can be no assurance that
actual results will be consistent with these forward-looking statements. All
forward-looking statements in this news release are qualified by these
cautionary statements. These forward-looking statements are made as of today,
and H&R REIT, except as required by applicable law, assumes no obligation to
update or revise them to reflect new information or the occurrence of future
events or circumstances. 


Additional information regarding H&R REIT and H&R Finance Trust is available at
www.hr-reit.com and on www.sedar.com. 


FOR FURTHER INFORMATION PLEASE CONTACT: 
H&R Real Estate Investment Trust
Larry Froom
Chief Financial Officer
416-635-7520
info@hr-reit.com
www.hr-reit.com

H and R Real Estate Inve... (TSX:HR.UN)
Historical Stock Chart
From May 2024 to Jun 2024

H and R Real Estate Inve... (TSX:HR.UN)
Historical Stock Chart
From Jun 2023 to Jun 2024