Report of Foreign Issuer (6-k)
September 18 2014 - 9:49AM
Edgar (US Regulatory)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
___________________________________
Form 6-K
___________________________________
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16 UNDER
THE SECURITIES EXCHANGE ACT OF 1934
For the month of September, 2014
Commission File Number: 000-54726
___________________________________
Sears Canada Inc.
(Translation of registrant’s name into English)
290 Yonge Street, Suite 700
Toronto, Ontario, M5B 2C3
Canada
(Address of principal executive office)
___________________________________
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.
Form 20-F ¨ Form 40-F x
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): ¨
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): ¨
Indicate by check mark whether by furnishing the information contained in this Form, the registrant is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
Yes ¨ No x
If “Yes” is marked, indicate below the file number assigned to the registrant in with Rule 12g3-2(b): 82-
EXHIBIT INDEX
EXHIBIT NO. DESCRIPTION
99.1 2014 Press Release Kildonan
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
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| Sears Canada Inc. |
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Date: September 18, 2014 | By: | | /s/ Franco Perugini |
| Name: | | Franco Perugini |
| Title: | | Corporate Secretary |
For Immediate Release
Contact for Media: Vincent Power
Sears Canada, Corporate Communications
vpower@sears.ca
Sébastien Théberge
Ivanhoé Cambridge
sebastien.theberge@ivanhoecambridge.com
+1-866-456-3342
Larry Froom
H&R Reit
Lfroom@hr-reit.com
416-635-4888
Ivanhoé Cambridge and Sears Canada Announce Closing of Sale of their Interests in Kildonan Place
TORONTO - September 17, 2014 - Ivanhoé Cambridge and Sears Canada Inc. (TSX: SCC) announced today that the transaction originally announced on August 6, 2014, for the sale of their interests in Kildonan Place, a shopping centre located in Winnipeg, has closed. The transaction, which was subject to customary closing conditions, now fulfilled, was for total pre-tax consideration of $138.5 million, with $110.8 million being Ivanhoé Cambridge’s 80% share and $27.7 million being Sears Canada’s 20% share. The purchasers are H&R Real Estate Investment Trust and Montez Income Properties Corporation, each having an undivided 50% interest.
Primaris Retail REIT, a wholly-owned subsidiary of H&R REIT, will manage the property. Sears will continue to operate its department store at Kildonan Place. This transaction will have no effect on associates employed at the store, or on the operation of the store which will continue to serve the residents of Winnipeg and surrounding area as it has proudly done for nearly 35 years since its opening in 1980.
About H&R REIT
H&R REIT is Canada’s largest diversified real estate investment trust with a total capitalization of approximately $13.1 billion as at June 30, 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 54 million square feet.
About Ivanhoé Cambridge
Ivanhoé Cambridge is a world-class real estate company that leverages its high-level expertise in all aspects of real estate including investment, development, asset management, leasing and operations, to deliver optimal returns for its investors. Its assets, held through multiple subsidiaries and located mainly in Canada, the United States, Europe, Brazil and Asia, totalled more than Cdn$40 billion as at December 31, 2013. Its portfolio consists mainly of
shopping centres, office and multiresidential properties. Ivanhoé Cambridge is a real estate subsidiary of the Caisse de dépôt et placement du Québec (lacaisse.com), one of Canada's leading institutional fund managers. For further information: ivanhoecambridge.com.
About Sears Canada
Sears Canada is a multi-channel retailer with a network that includes 176 corporate stores, 222 Hometown stores, over 1,300 catalogue and online merchandise pick-up locations, 96 Sears Travel offices and a nationwide repair and service network. The Company also publishes Canada's most extensive general merchandise catalogue and offers shopping online at www.sears.ca.
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