Melcor REIT files management circular for unitholder meeting

Melcor Real Estate Investment Trust (REIT) has started the process for a special meeting to approve an amended plan of arrangement. The meeting is set for April 11, 2025, in Edmonton, Alberta. Voting Unitholders and special voting unit holders will review a resolution regarding the proposed arrangement. The management information circular and related documents have been filed and mailed to unitholders. The amended arrangement offers a new consideration of $5.50 per unit, an increase of 11% from the previous proposal. There is a new 90-day period for additional offers. Unitholders who previously voted do need to submit their votes again for this meeting. The deadline for determining who can vote was March 12, 2025. Instructions for voting can be found in the materials sent out with the circular. For assistance in voting, Unitholders can contact Laurel Hill Advisory Group. The REIT operates properties across Alberta and Saskatchewan, leasing retail, office, and industrial spaces. An interim court order has allowed Melcor REIT to move forward with the meeting and the proposed arrangement.