EDMONTON, Alberta, March 27, 2025 (GLOBE NEWSWIRE) -- Melcor Real Estate Investment Trust (“Melcor REIT” or the “REIT”) is pleased to announce that leading independent proxy advisor Institutional Shareholder Services (“ISS”) has recommended unitholders of Melcor REIT (“Unitholders”) vote FOR the previously announced amended and restated plan of arrangement (the “Arrangement”) with Melcor Developments Ltd. (“MRD”). The Arrangement provides, among other steps, for the outstanding trust units of the REIT to be redeemed in exchange for $5.50 per unit (the “Consideration”), through a series of steps outlined in the REIT’s management information circular mailed to Unitholders and filed under the REIT’s profile on SEDAR+ (http://sedarplus.com) and on the REIT’s website at https://melcorreit.ca/special-meeting/.

EDMONTON, Alberta, March 06, 2025 (GLOBE NEWSWIRE) -- Melcor Real Estate Investment Trust ("Melcor REIT" or the "REIT") (TSX: MR.UN) today announced results for the fourth quarter and year ended December 31, 2024. The annual Management Discussion & Analysis and Condensed Interim Financial Statements are available on our website (www.MelcorREIT.ca) under Financial Reports, or on SEDAR+ (www.sedarplus.ca)

EDMONTON, Alberta, Feb. 25, 2025 (GLOBE NEWSWIRE) --

Melcor Real Estate Investment Trust (Melcor REIT - TSX: MR.UN) today announced the expiration of the “go shop” period provided in the previously-announced arrangement agreement dated November 24, 2024 (the “Arrangement Agreement”). Melcor REIT further announced that the REIT has completed the sale of Melcor Crossing in Grande Prairie, AB, which was listed for sale in March 2024. Melcor Crossing is a multi-building open retail power centre containing 283,000 square feet of gross leasable area developed on a 33.3-acre site. The property sold for $48.0 million ($170/sf), resulting in net cash proceeds of $16.3 million after closing costs, working capital adjustments and mortgage repayment. Cash proceeds will be used to pay down the backstop loan agreement, in accordance with its terms, with the remaining proceeds used to pay down the line of credit. A preliminary analysis prepared by the REIT indicates the sale could result in recapture of tax depreciation, resulting in additional taxable income to be allocated to unitholders. For an estimate of how this might impact taxable income, please refer to the REIT’s management information circular dated October 25, 2024 available on SEDAR+ at www.sedarplus.ca.

EDMONTON, Alberta, Dec. 20, 2024 (GLOBE NEWSWIRE) -- Melcor Real Estate Investment Trust (“Melcor REIT” or the “REIT”) today announced that a special non-cash distribution in the amount of $0.36 per outstanding trust unit was declared payable to unitholders of record as at December 31, 2024. The amount of the special distribution is equal to the REIT’s estimated taxable income and capital gains for the 2024 taxation year net of any deductions available to the REIT from cash distributions made in the year. The special distribution is intended to reduce the REIT’s taxable income for the 2024 taxation year to nil.

EDMONTON, Alberta, Nov. 25, 2024 (GLOBE NEWSWIRE) --

Melcor Real Estate Investment Trust (“Melcor REIT” or the “REIT”) (TSX: MR.UN) and Melcor Developments Ltd. (“Melcor” or the “Purchaser”) (TSX: MRD) announce that they have entered into an Amended and Restated Arrangement Agreement (the “Amended Agreement”) with Melcor REIT GP Inc. (the “GP”), which provides for, among other things, consideration of $5.50 per unit (“Unit”) (the “Improved Consideration”), which is $0.55 per Unit or an 11% increase over the prior consideration. Furthermore, the Amended Agreement has a new and extended 90-day “go shop” period. Given the REIT’s execution of the Amended Agreement, the REIT also announces today that it is cancelling the special meeting of REIT unitholders scheduled for November 26, 2024. This will allow the REIT to immediately commence work on the extended 90-day “go shop” process pursuant to the terms of the Amended Agreement, which will expire at 11:59 MT on February 24, 2025. The Purchaser will not have the right to match any superior proposal.

EDMONTON, Alberta, Nov. 18, 2024 (GLOBE NEWSWIRE) -- Melcor Real Estate Investment Trust (“Melcor REIT” or the “REIT”) is reiterating its support for the previously announced plan of arrangement (the “Arrangement”) with Melcor Developments Ltd. (“MRD”), whereby, among other steps, the outstanding trust units of the REIT will be redeemed in exchange for $4.95 per unit held in cash (the “Consideration”), through a series of steps outlined in the management information circular (“Circular”) mailed to unitholders of the REIT (“Unitholders”), filed under the REIT’s profile on SEDAR+ (http://sedarplus.com) and on the REIT’s website at https://melcorreit.ca/special-meeting/.

EDMONTON, Alberta, Nov. 07, 2024 (GLOBE NEWSWIRE) -- Melcor Real Estate Investment Trust ("Melcor REIT" or the "REIT") (TSX: MR.UN) today announced that it has issued a notice of redemption to holders of Melcor REIT's 5.10% convertible unsecured subordinated debentures having a maturity date of December 31, 2024 (the "Debentures"), representing a redemption of all of the currently outstanding Debentures.

EDMONTON, Alberta, Nov. 04, 2024 (GLOBE NEWSWIRE) -- Melcor Real Estate Investment Trust ("Melcor REIT" or the "REIT") (TSX: MR.UN) today announced results for the third quarter ended September 30, 2024. The third quarter Management Discussion & Analysis and Condensed Interim Financial Statements are available on our website (www.MelcorREIT.ca) under Financial Reports, or on SEDAR+ (www.sedarplus.ca).

EDMONTON, Alberta, Oct. 29, 2024 (GLOBE NEWSWIRE) -- Melcor Real Estate Investment Trust (“Melcor REIT” or the “REIT”) is pleased to announce the filing of its management information circular (the “Circular”) and related documents for the special meeting (“Meeting”) of the holders of units (“Units”) and special voting units (“SVUs” and together with Units, the “Voting Units”) of the REIT (collectively, “Voting Unitholders”) to consider a special resolution approving the previously-announced plan of arrangement (the “Arrangement”) under the Business Corporations Act (Alberta) involving the REIT, Melcor REIT GP Inc. (the “GP”) and Melcor Developments Ltd. (“Purchaser” or “MRD”). The Meeting will be held at the Windsor Room, Third Floor, Manulife Place, 10180 101st Street, Edmonton, Alberta,T5J 3V5 on November 26, 2024 at 9:30 a.m. (Edmonton time). The materials can be found under the REIT’s profile on SEDAR+ (www.sedarplus.ca) as well as on Melcor REIT’s website at http://melcorreit.ca/special-meeting. The REIT has also commenced the process of mailing the Circular and related documents to ‎Unitholders. ‎

EDMONTON, Alberta, Oct. 25, 2024 (GLOBE NEWSWIRE) -- Melcor Real Estate Investment Trust (“Melcor REIT” or the “REIT”) (TSX:MR.UN) today confirms it has received notice of FC Private Equity Realty Management Corp. and Telsec Property Corporation’s press release regarding their unsolicited “mini tender” offer (the “Mini-Tender Offer”) to acquire up to 1,296,316 of the REIT’s participating trust units (the “Units”).

EDMONTON, Alberta, Oct. 16, 2024 (GLOBE NEWSWIRE) -- Melcor Real Estate Investment Trust (“Melcor REIT” or the “REIT”) (TSX:MR.UN) today announced the expiration of the “go-shop” period (the “Go-Shop Period”) provided for in the previously announced arrangement agreement dated September 12, 2024 (the “Arrangement Agreement” and the transactions to be completed pursuant to the terms thereof, the “Arrangement”‎), pursuant to which Melcor Developments Ltd. (“Melcor”) has committed to acquire its unowned equity interest (approximately 45%) in Melcor REIT Limited Partnership (“REIT LP”) for $4.95 per unit in cash consideration (the “REIT LP Sale”). Melcor’s unowned equity interest in REIT LP comprises all REIT LP’s outstanding Class A LP Units (approximately 13.0 million units). In accordance with the Arrangement, the REIT will use the proceeds from the REIT LP Sale to repurchase and cancel all of the REIT’s outstanding participating trust units (“Trust Units”).

EDMONTON, Alberta, Sept. 12, 2024 (GLOBE NEWSWIRE) --

Melcor Developments Ltd. (“Melcor” or the “Company”) (TSX: MRD) and Melcor Real Estate Investment Trust (“Melcor REIT” or the “REIT”) (TSX: MR.UN) today announced that they have entered into an arrangement agreement (the “Arrangement Agreement”) under which Melcor will acquire its unowned equity interest (approximately 45%) in Melcor REIT Limited Partnership (“REIT LP”) for $4.95 per unit in cash consideration (the “REIT LP Sale”). Melcor’s unowned equity interest in REIT LP comprises all REIT LP’s outstanding Class A LP Units (approximately 13.0 million units). The REIT will use the proceeds from the REIT LP Sale to repurchase and cancel (collectively with the REIT LP Sale, the “Transaction”) all of the REIT’s outstanding participating trust units (“Trust Units”).

EDMONTON, Alberta, July 30, 2024 (GLOBE NEWSWIRE) --

Melcor Real Estate Investment Trust ("Melcor REIT" or the "REIT") (TSX: MR.UN) today announced results for the second quarter ended June 30, 2024. The second quarter Management Discussion & Analysis and Condensed Interim Financial Statements are available on our website (www.MelcorREIT.ca) under Financial Reports, or on SEDAR+ (www.sedarplus.ca)

EDMONTON, Alberta, June 25, 2024 (GLOBE NEWSWIRE) -- Melcor Real Estate Investment Trust (Melcor REIT - TSX: MR.UN) today announced the results of its annual general meeting, held today. A total of 17,757,073 units were voted in person or by proxy, representing 61.05% of the outstanding units as of the record date. Unitholders approved all items of business before the AGM, including the election of trustees as follows:

EDMONTON, Alberta, May 08, 2024 (GLOBE NEWSWIRE) -- Melcor Real Estate Investment Trust ("Melcor REIT" or the "REIT") (TSX: MR.UN) today announced results for the first quarter ended March 31, 2024. The first quarter Management Discussion & Analysis and Condensed Interim Financial Statements are available on our website (www.MelcorREIT.ca) under Financial Reports, or on SEDAR+ (www.sedarplus.ca)