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Gold/Mining/Energy : Canadian REITS, Trusts & Dividend Stocks -- Ignore unavailable to you. Want to Upgrade?

To: bill who wrote (1641)	10/16/2001 7:43:21 PM
From: sPD	Read Replies (1) \| Respond to of 11633

H&R REIT Announces Equity Financing bill, further to your speculating about an RPC takeover, how about H&R picking up some of the remaining RPC assets with this infusion of cash ??? HR.UN 2001-10-16 Toronto, Ontario -- H&R Real Estate Investment Trust ("H&R") has today entered into an agreement with a syndicate of underwriters led by Merrill Lynch Canada Inc. for the purchase by the underwriters on a bought deal basis, subject to regulatory approval, of 10,000,000 trust units (the "Trust Units") at a price of $12.45 per Trust Unit, raising total proceeds of $124,500,000. In addition, H&R has granted the underwriters an over-allotment option, expiring at closing, for up to an additional 15% of the offering. A preliminary short-form prospectus to qualify the offering for distribution to the public will be filed with securities regulatory authorities on or before October 18, 2001. Purchasers of Units offered hereby will be eligible to participate in the distributions for the month of November provided closing is on November 2, 2001 and the purchasers are unitholders as at the record date for such distributions. The securities offered have not been registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any State in which such offer, solicitation or sale would be unlawful. Closing is expected on or about November 2, 2001. For further information, please contact: Eric Cohen, Chief Financial Officer H&R REIT 416-635-7520 www.hr-reit.com