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Lanesborough REIT to shift stock exchange

Lanesborough Real Estate Investment Trust plans to shift the listing of its outstanding trust units and series G debentures to the TSX Venture Exchange or other stock exchanges in Canada.

The REIT said it no longer meets the continued listing requirements of the Toronto Stock Exchange and that its management does not expect that it will do so in the foreseeable future.

The trust units and series G debentures will continue to be listed on the Toronto exchange until they are transitioned, and there is no guarantee that approval will be granted for listing on another Canadian exchange, the company said.