TORONTO, Jan. 29, 2013 /CNW/ - KEYreit (TSX: KRE.UN)- acknowledges the
announcement made this morning by Huntingdon Capital Corp.
("Huntingdon") of its commencement of an unsolicited partial bid (the
"Huntingdon Offer") for 6,628,940 units of KEYreit.
KEYreit is in the process of reviewing and evaluating the Huntingdon
Offer with its financial and legal advisors. KEYreit expects that a
special committee of its board will be appointed to assist the board in
fulfilling its legal and fiduciary duties in respect of the Huntingdon
Offer and making every effort to maximize value for the benefit of
KEYreit's unitholders and other stakeholders. KEYreit recommends that
unitholders defer taking any action in respect of the Huntingdon Offer
until the board makes a recommendation as to the merits of the
Huntingdon Offer. Unitholders will be promptly notified of any
recommendation by the board through a news release and circular in
accordance with applicable securities laws.
KEYreit (TSX: KRE.UN) is Canada's premier small-box retail property
owner with 227 properties in nine provinces across Canada. KEYreit's
properties are well located and geographically diverse across Canada
with the majority of all properties containing long-term quadruple net
leases. To find out more about KEYreit (TSX: KRE.UN), visit our website
For further information:
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Chief Financial Officer
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