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Melcor Real Estate Investment Trust (MR-UN.TO)

5.23

+0.03

+(0.58%)

At close: January 17 at 1:57:18 PM EST

Melcor REIT Announces Special Distribution Payable by Issuance of Additional Trust Units

EDMONTON, Alberta, Dec. 20, 2024 (GLOBE NEWSWIRE) -- Melcor Real Estate Investment Trust (“Melcor REIT” or the “REIT”) today announced that a special non-cash distribution in the amount of $0.36 per outstanding trust unit was declared payable to unitholders of record as at December 31, 2024. The amount of the special distribution is equal to the REIT’s estimated taxable income and capital gains for the 2024 taxation year net of any deductions available to the REIT from cash distributions made in

GlobeNewswire 29 days ago

MR-UN.TO
+0.58%
Melcor REIT and Melcor Developments Announce Amended and Restated Arrangement Agreement and Cancellation of Unitholder Meeting

Melcor REIT and Melcor Developments enter into Amended and Restated Arrangement Agreement ‎which provides increased per-Unit consideration of $5.50 Special unitholder meeting scheduled for November 26, 2024 is cancelled and Melcor REIT engages in new 90-day extended “go-shop” periodUnder the terms of the “go-shop”, Melcor Developments will not have the right to match a superior proposal and agrees to support any accepted superior proposal EDMONTON, Alberta, Nov. 25, 2024 (GLOBE NEWSWIRE) -- Melc

GlobeNewswire last month

MR-UN.TO
+0.58%
Melcor REIT Announces a Third Independent Proxy Advisor Recommends Unitholders Vote for the Plan of Arrangement

Endorsement from Egan-Jones follows earlier recommendation from ISS and Glass Lewis to vote FOR ArrangementISS cites “large premium cash exit” and “meaningful downside risks of non-approval” in its reportUnitholders who have questions or need assistance in voting should contact Laurel Hill Advisory Group by telephone at 1-877-452-7184 (North American Toll Free) or 1-416-304-0211 (Outside North America), or by email at assistance@laurelhill.com EDMONTON, Alberta, Nov. 20, 2024 (GLOBE NEWSWIRE) --

GlobeNewswire last month

MR-UN.TO
+0.58%
Melcor REIT Reiterates That the Arrangement Is the Best Outcome for Minority Unitholders and Is Supported by Both ISS and Glass Lewis Recommendations

VOTE FOR THE ARRANGEMENT TODAY TO SAVE YOUR INVESTMENT – EVERY VOTE COUNTSLeading Independent Proxy Advisory Firms ISS and Glass Lewis recommend Unitholders vote FOR the ArrangementIndependent Committee warns Unitholders there are significant concerns for the future of the REIT if the Arrangement is not completed and reiterates its recommendation for Unitholders to vote FOR the Arrangement Unitholders who have questions or need assistance in voting should contact Laurel Hill Advisory Group by te

GlobeNewswire last month

MR-UN.TO
+0.58%
Leading Independent Proxy Advisory Firm Endorses Melcor REIT’s Proposed Arrangement

Glass Lewis & Co. has recommended unitholders of the REIT vote in favour of plan of arrangement with Melcor DevelopmentsShareholders are encouraged to vote well in advance of the proxy deadline of November 22, 2024 at 9:30 a.m. (Mountain Time)Unitholders who have questions or need assistance in voting should contact Laurel Hill Advisory Group by telephone at 1-877-452-7184 (North American Toll Free) or 1-416- 304-0211 (Outside North America), or by email at assistance@laurelhill.com EDMONTON, Al

GlobeNewswire 2 months ago

MR-UN.TO
+0.58%
Melcor Real Estate Investment Trust Recommends Unitholders Exercise Caution Regarding Coercive Mini-Tender

Independent Committee’s review of Mini-Tender finds it to be coercive and against Unitholders’ best interestsMelcor REIT warns Unitholders of reckless approach of Telsec and FC Capital which puts the interests of a majority of the minority ‎Unitholders at ‎significant risk ‎ Melcor REIT warns Unitholders that ‎Telsec and FC Capital will risk regulatory sanction for their ‎violation of securities laws in connection with their scheme to block the Arrangement ‎Independent Committee reiterates suppo

GlobeNewswire 2 months ago

MR-UN.TO
+0.58%
Melcor Real Estate Investment Trust Announces Redemption of Its 5.10% Convertible Unsecured Subordinated Debentures

EDMONTON, Alberta, Nov. 07, 2024 (GLOBE NEWSWIRE) -- Melcor Real Estate Investment Trust ("Melcor REIT" or the "REIT") (TSX: MR.UN) today announced that it has issued a notice of redemption to holders of Melcor REIT's 5.10% convertible unsecured subordinated debentures having a maturity date of December 31, 2024 (the "Debentures"), representing a redemption of all of the currently outstanding Debentures. DEBENTURE REDEMPTION The Debentures will be redeemed on December 12, 2024 (the "Redemption D

GlobeNewswire 2 months ago

MR-UN.TO
+0.58%
Melcor REIT announces third quarter 2024 results

EDMONTON, Alberta, Nov. 04, 2024 (GLOBE NEWSWIRE) -- Melcor Real Estate Investment Trust ("Melcor REIT" or the "REIT") (TSX: MR.UN) today announced results for the third quarter ended September 30, 2024. The third quarter Management Discussion & Analysis and Condensed Interim Financial Statements are available on our website (www.MelcorREIT.ca) under Financial Reports, or on SEDAR+ (www.sedarplus.ca). Andrew Melton, CEO of Melcor REIT commented: "The Alberta real estate market continues to face

GlobeNewswire 2 months ago

MR-UN.TO
+0.58%
Melcor Real Estate Investment Trust (TSE:MR.UN) investors are sitting on a loss of 12% if they invested five years ago

It is doubtless a positive to see that the Melcor Real Estate Investment Trust ( TSE:MR.UN ) share price has gained...

Simply Wall St. 2 months ago

MR-UN.TO
+0.58%
Melcor Real Estate Investment Trust Announces Filing of Management Information Circular for Special Meeting of Unitholders to Approve Arrangement

Melcor REIT Unitholders will receive $4.95 per unit, representing an unaffected premium of 46.0% and a 61.3% premium on the 30-day VWAPConsideration supported by an independent formal valuation and fairness opinionsCircular details the robust process, including arm’s length negotiations by Independent Committee and Go-Shop ProvisionVoting Unitholders who have questions or need assistance in voting should contact Laurel Hill Advisory Group by telephone at 1-877-452-7184 (North American Toll Free)

GlobeNewswire 2 months ago

MR-UN.TO
+0.58%
FC Private Equity Realty Management Corp. and Telsec Property Corp Launched All-Cash Mini-Tender Offer For Trust Units of Melcor REIT

FC Private Equity Realty Management Corp. and Telsec Property Corp Launched All-Cash Mini-Tender Offer For Trust Units of Melcor REIT

PREMIUM
MT Newswires 2 months ago

^YH104

MODVF
FC Private Equity Realty Management Corp. and Telsec Property Corporation Launch All-Cash Mini-Tender Offer For Trust Units of Melcor REIT

The Offerors will purchase up to 1,296,316 Trust Units on a rolling “first come, first served” basis at $4.95 per Trust Unit in cash.The purpose of the Tender Offer is to defeat the Take Under Offer and is not an endorsement of its price. The Offerors – who own or control approximately 12.2% of the issued and outstanding voting units of Melcor REIT – intend to vote AGAINST the Take Under Offer as proposed on its current terms and block the Take Under Offer.Minority Unitholders who wish to tender

GlobeNewswire 2 months ago

MR-UN.TO
+0.58%
Melcor REIT Advises Unitholders to Take No Action on “Mini-Tender” Offer

EDMONTON, Alberta, Oct. 25, 2024 (GLOBE NEWSWIRE) -- Melcor Real Estate Investment Trust (“Melcor REIT” or the “REIT”) (TSX:MR.UN) today confirms it has received notice of FC Private Equity Realty Management Corp. and Telsec Property Corporation’s press release regarding their unsolicited “mini tender” offer (the “Mini-Tender Offer”) to acquire up to 1,296,316 of the REIT’s participating trust units (the “Units”). Take NO ACTION on the Mini-Tender Offer The independent committee (the “Independen

GlobeNewswire 2 months ago

MR-UN.TO
+0.58%
FC Private Equity Realty Management Corp. and Telsec Property Corporation Reject “Take Under” Offer for Melcor REIT and Announce All-Cash Mini-Tender Offer

Firm Capital and Telsec advise Unitholders to VOTE AGAINST the highly inadequate Take Under Offer by related parties to Melcor REIT.Take Under Offer represents approximately 45% discount to NAV and substantially undervalues the Trust Units.For Unitholders who are nonetheless interested in tendering to the Take Under Offer, Firm Capital and Telsec are pleased to announce a Tender Offer of $4.95 per Trust Unit in cash for up to 1,296,316 Trust Units, matching the Take Under Offer and representing

GlobeNewswire 2 months ago

MR-UN.TO
+0.58%
Unitholder Files Early Warning Report in Respect of Melcor Real Estate Investment Trust

Toronto, Ontario--(Newsfile Corp. - October 22, 2024) - Telsec Property Corporation ("Telsec"), a corporation controlled by Dick Van Grieken, announced that it has filed an early warning report related to an acquisition of 50,000 trust units ("Trust Units") of Melcor Real Estate Investment Trust ("Melcor") completed on October 21, 2024 through the facilities of the Toronto Stock Exchange at an average price of $4.8917 per Trust Unit representing aggregate consideration of $244,585. Following ...

Newsfile 2 months ago

MR-UN.TO
+0.58%
Melcor Real Estate Investment Trust Announces Expiration of “Go-Shop” Period

No superior offer made with 100 parties solicited Unitholders who have questions, should contact, Laurel Hill Advisory Group, at North America Toll Free: 1-877-452-7184 or By Email: assistance@laurelhill.com EDMONTON, Alberta, Oct. 16, 2024 (GLOBE NEWSWIRE) -- Melcor Real Estate Investment Trust (“Melcor REIT” or the “REIT”) (TSX:MR.UN) today announced the expiration of the “go-shop” period (the “Go-Shop Period”) provided for in the previously announced arrangement agreement dated September 12,

GlobeNewswire 3 months ago

MR-UN.TO
+0.58%
MODVF
Telsec Property Corporation Rejects the "Take Under" offer for the Melcor REIT by Melcor Developments Limited and urges all Unit Holders to vote NO. Unit Price Tender Offer is far below the Net Asset Value

Telsec Property Corporation ("Telsec"), through affiliated entities, is an owner of approximately 2,830,000 million Trust Units of Melcor Real Estate Investment Trust (TSX: MR.UN) (the "REIT") or approximately 21.84% of the publicly traded units and 9.7% ownership of the REIT.

CNW Group 3 months ago

MR-UN.TO
+0.58%
Melcor Real Estate Investment Trust (TSX:MR. ...

Despite a decline in key financial metrics, Melcor Real Estate Investment Trust (TSX:MR.UN) focuses on asset sales and proactive lease management to bolster financial flexibility.

GuruFocus.com 3 months ago

^YH104
Telsec Property Corp Rejecting 'Take Under' Offer for Melcor REIT by Melcor Developments

Telsec Property Corp Rejecting 'Take Under' Offer for Melcor REIT by Melcor Developments

PREMIUM
MT Newswires 3 months ago

^YH104

MODVF
Telsec Property Corp Rejects the "Take Under" offer for Melcor REIT by Melcor Developments Limited and urges all Unit Holders to vote NO

Telsec Property Corporation ("Telsec"), the largest minority holder of Melcor Real Estate Investment Trust Units (TSX: MR.UN), categorically rejects the Melcor Developments Ltd. ("Melcor Parent") takeout offer as outlined in its September 12, 2024 news release.

CNW Group 3 months ago

MR-UN.TO
+0.58%

Performance Overview

Return	MR-UN.TO	S&P/TSX Composite index
YTD	-6.68%	+1.82%
1-Year	+10.28%	+19.67%
3-Year	-14.82%	+17.37%

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Melcor Real Estate Investment Trust (MR-UN.TO)

Melcor REIT Announces Special Distribution Payable by Issuance of Additional Trust Units

Melcor REIT and Melcor Developments Announce Amended and Restated Arrangement Agreement and Cancellation of Unitholder Meeting

Melcor REIT Announces a Third Independent Proxy Advisor Recommends Unitholders Vote for the Plan of Arrangement

Melcor REIT Reiterates That the Arrangement Is the Best Outcome for Minority Unitholders and Is Supported by Both ISS and Glass Lewis Recommendations

Leading Independent Proxy Advisory Firm Endorses Melcor REIT’s Proposed Arrangement

Melcor Real Estate Investment Trust Recommends Unitholders Exercise Caution Regarding Coercive Mini-Tender

Melcor Real Estate Investment Trust Announces Redemption of Its 5.10% Convertible Unsecured Subordinated Debentures

Melcor REIT announces third quarter 2024 results

Melcor Real Estate Investment Trust (TSE:MR.UN) investors are sitting on a loss of 12% if they invested five years ago

Melcor Real Estate Investment Trust Announces Filing of Management Information Circular for Special Meeting of Unitholders to Approve Arrangement

FC Private Equity Realty Management Corp. and Telsec Property Corp Launched All-Cash Mini-Tender Offer For Trust Units of Melcor REIT

FC Private Equity Realty Management Corp. and Telsec Property Corporation Launch All-Cash Mini-Tender Offer For Trust Units of Melcor REIT

Melcor REIT Advises Unitholders to Take No Action on “Mini-Tender” Offer

FC Private Equity Realty Management Corp. and Telsec Property Corporation Reject “Take Under” Offer for Melcor REIT and Announce All-Cash Mini-Tender Offer

Unitholder Files Early Warning Report in Respect of Melcor Real Estate Investment Trust

Melcor Real Estate Investment Trust Announces Expiration of “Go-Shop” Period

Telsec Property Corporation Rejects the "Take Under" offer for the Melcor REIT by Melcor Developments Limited and urges all Unit Holders to vote NO. Unit Price Tender Offer is far below the Net Asset Value

Melcor Real Estate Investment Trust (TSX:MR. ...

Telsec Property Corp Rejecting 'Take Under' Offer for Melcor REIT by Melcor Developments

Telsec Property Corp Rejects the "Take Under" offer for Melcor REIT by Melcor Developments Limited and urges all Unit Holders to vote NO

Performance Overview