The property at
The real estate trust says net proceeds from the sale will be about
H&R also says it will pay a special distribution of
It says the special distribution is principally being made to distribute to unitholders the taxable income realized by the REIT from transactions in 2023.
Following the special distribution, the units of the REIT will be consolidated so that unitholders will hold the same number of units as before the special distribution. It says the amount of the special distribution payable in units will increase the tax cost basis of unitholders' consolidated units.
This report by The Canadian Press was first published
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