trending Market Intelligence /marketintelligence/en/news-insights/trending/dtne7qes9-vjrpub4e2urg2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

H&R REIT, H&R Finance Trust revise internal reorganization plan

Gauging Supply Chain Risk In Volatile Times

The Commercial Real Estate (CRE) Sector Feels the Impact of the Coronavirus

Credit Analytics Case Study Poundworld Retail Ltd


IFRS 9 Impairment How It Impacts Your Corporation And How We Can Help

H&R REIT, H&R Finance Trust revise internal reorganization plan

H&R Real Estate Investment Trust, a Canadian diversified REIT, and H&R Finance Trust scrapped their original internal reorganization plan in light of the U.S. federal income tax legislation signed into law in December 2017, among other considerations.

The amended reorganization plan will involve, among other things, H&R Finance Trust transferring debt owed to it by H&R REIT's U.S. subsidiary to H&R REIT, and unit holders subsequently transferring their H&R Finance Trust units to H&R REIT for nominal consideration while keeping their H&R REIT units.

The amended plan eliminates certain aspects of the original proposal, including the formation of H&R Finance (2017) Trust to replace H&R Finance Trust, the transfer of U.S. holdco debt by H&R REIT to the new entity and the stapling of units of H&R REIT with H&R Finance (2017) Trust units.

Upon completion of the reorganization, investments held through H&R REIT and H&R Finance Trust will be held exclusively through H&R REIT. H&R REIT units will trade on the Toronto Stock Exchange under the HR.UN ticker and H&R Finance Trust will be dissolved.

The amended reorganization plan, expected to be rolled out by August, is contingent on an advance income tax ruling from the Canada Revenue Agency and other customary closing conditions.