11:43:28 EDT Fri 09 Oct 2026
Enter Symbol
or Name
USA
CA



H & R Real Estate Investment Trust
Symbol HR
Shares Issued 264,636,940
Close 2026-10-08 C$ 9.60
Market Cap C$ 2,540,514,624
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Globe says RBC unit to vote against H & R takeover

2026-10-09 07:49 ET - In the News

See In the News (C-RY) Royal Bank of Canada

The Globe and Mail reports in its Friday, Oct. 9, edition that RBC Global Asset Management, a major unitholder of H & R REIT, will vote against a proposed takeover by another REIT. The Globe's Tim Kiladze writes that RBC, which currently owns 9.3 million H & R units, said Thursday it will vote against the takeover by GO REIT. It declined to elaborate on its reasoning. A day earlier, Mill Pond Capital also came out against the deal. Mill Pond beneficially owns 2.2 million H & R units. H & R agreed to a complex deal in August that is ultimately a takeover by GO Residential. But it also involves a consortium of other buyers that includes Blackstone RE, Crestpoint Real Estate Investments and CRAL, a company controlled by relatives of H & R founder Tom Hofstedter. Both H & R's units and GO's units have lost value since the deal was announced in August, with H & R down 12 per cent and GO down 20 per cent. Mill Pond raised several investor concerns about the deal in a letter to H & R board trustee Stephen Gross on Wednesday. They included confusion around a partial sale of assets to Mr. Hofstedter, as well as fears about preferential treatment for his deal.

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