WINNIPEG, MB, Dec. 21, 2021 /CNW/ - Lanesborough Real Estate
Investment Trust ("LREIT") (TSXV: LRT.UN) announces that the
holders ("Debentureholders") of its outstanding 5.00% Series
G redeemable subordinated secured debentures due June 30, 2022 (the "Debentures") passed a
motion at the special meeting of the Debentureholders held today
(the "Meeting") adjourning the Meeting until January 11, 2022 at 3:00
p.m. (Central time) due to the challenge of facilitating the
participation of Debentureholders during the holiday season. The
deadline for depositing proxies for the adjourned Meeting is now
January 10, 2022 at 5:30 p.m. (Eastern time).
At the Meeting, the Debentureholders will consider an
extraordinary resolution approving the exchange of the Debentures,
and all the accrued or unpaid interest owing thereon from and
including January 1, 2016 to but not
including the date of the exchange, for trust units in the capital
of LREIT (collectively, the "Exchange Transaction"). Further
information about the Exchange Transaction is described in the
information circular of LREIT dated November
22, 2021 sent to Debentureholders with respect to the
Exchange Transaction, as well as in other LREIT continuous
disclosure filings available on SEDAR (www.sedar.com).
ABOUT LREIT
LREIT is a real estate investment trust, which is listed on the
TSX Venture Exchange under the symbols LRT.UN (Trust Units) and
LRT.DB.G (Series G Debentures). For further information on LREIT,
please visit our website at www.lreit.com.
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as the term is defined in the policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of
this release.
Certain statements contained in this press release are
"forward-looking statements" that reflect the expectations of
management regarding the Exchange Transaction. Readers are
cautioned not to place undue reliance on forward-looking
information. All statements other than statements of historical
fact contained herein are forward-looking statements. Forward
looking statements are often, but not always, identified by the use
of words such as "seek", "anticipate", "plan", "continue",
"estimate", "expect", "may", "will", "project", "predict",
"potential", "targeting", "intend", "could", "might", "should",
"believe" and similar expressions. Such forward-looking statements
reflect management's current beliefs and are based on information
currently available to management. Forward looking statements
involve significant risks and uncertainties. A number of factors
that could cause actual results to differ materially from the
results discussed in forward-looking statements are discussed in
LREIT's management discussion and analysis for the six-month period
ended June 30, 2021 available on
SEDAR at www.sedar.com. Although the forward-looking statements
contained herein are based upon what management believes to be
reasonable assumptions, LREIT cannot assure investors that actual
results will be consistent with these forward-looking
statements.
The forward-looking statements contained herein are expressly
qualified in their entirety by this cautionary statement.
Forward-looking statements are made as of the date hereof, or such
other date specified in such statements, and neither LREIT nor any
other person assumes any obligation to update or revise such
forward-looking statements to reflect new information, events or
circumstances, except as expressly required by applicable
securities law.
SOURCE Lanesborough Real Estate Investment Trust
