Politics
RBC, Mill Pond Oppose Blackstone’s Canada H&R REIT Breakup Deal
Key Points
Deals RBC Seeks to Block H&R’s Breakup and Sale to Blackstone, Others RBC Global Asset Management says it will vote against the breakup and sale of Canada’s H&R Real Estate Investment Trust, adding to opposition on a deal that would give Blackstone Inc. a collection of industrial properties in Canada. RBC is one of H&R’s largest equity investors with 9.3 million units and it plans to cast them against the transaction, Managing Director Hanif Mamdani said in an emailed statement. He wouldn’t...
Deals
RBC Seeks to Block H&R’s Breakup and Sale to Blackstone, Others
RBC Global Asset Management says it will vote against the breakup and sale of Canada’s H&R Real Estate Investment Trust, adding to opposition on a deal that would give Blackstone Inc. a collection of industrial properties in Canada.
RBC is one of H&R’s largest equity investors with 9.3 million units and it plans to cast them against the transaction, Managing Director Hanif Mamdani said in an emailed statement. He wouldn’t elaborate on the reasons.