TORONTO,
July 4, 2014 /CNW/ - H&R Real
Estate Investment Trust ("H&R REIT") and H&R Finance Trust
(together with H&R REIT, "H&R") today announced that the
Trustees have declared distributions as follows:
|
Distribution/Stapled Unit |
Annualized |
Record date |
Distribution date |
July 2014 |
$0.11250 |
$1.35 |
July 17, 2014 |
July 31, 2014 |
August 2014 |
$0.11250 |
$1.35 |
August 15, 2014 |
August 29, 2014 |
About H&R REIT and H&R Finance Trust
H&R REIT is Canada's largest diversified real estate
investment trust with a total capitalization of approximately
$12.8 billion as at March 31, 2014. H&R REIT is a fully
internalized REIT and has ownership interests in a North American
portfolio of high quality office, retail and industrial properties
comprising over 53 million square feet.
H&R Finance Trust is an unincorporated
investment trust, which primarily invests in notes issued by a U.S.
corporation which is a subsidiary of H&R REIT. The
current note receivable balance is U.S. $219.8 million. In 2008, H&R REIT
completed an internal reorganization which resulted in each issued
and outstanding H&R REIT unit trading together with a unit of
H&R Finance Trust as a "Stapled Unit" on the Toronto Stock
Exchange.
Forward-looking Statements
Certain statements in this news release contain
forward-looking information within the meaning of applicable
securities laws (also known as forward-looking statements).
Such forward-looking statements reflect H&R'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's estimates and assumptions that are subject to
risks and uncertainties, including those discussed in H&R's
materials filed with the Canadian securities regulatory authorities
from time to time, which could cause the actual results and
performance of H&R 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; 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 and changes in legislation and indebtedness
of H&R. 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 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 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, 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.
SOURCE H&R Real Estate Investment Trust