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Article: Dundee REIT Unitholders Approve the Modification of its Organizational Structure
- Article from:
- CCNMatthews Newswire
- Article date:
- December 12, 2007
CopyrightCopyright 2007 CCNMatthews Newswire. Provided by ProQuest LLC. (Hide copyright information)
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TORONTO, ONTARIO--(Marketwire - Dec. 12, 2007) - DUNDEE REIT
(TSX:D.UN) announced that its unitholders have approved, at a
special meeting of unitholders held today, a special resolution
relating to the previously announced modification of the
organizational structure of Dundee REIT.
The modification was proposed in order to provide greater
certainty that Dundee REIT will be able to qualify as a "real estate
investment trust" by January 1, 2008, for the purposes of the "SIFT
rules", which were announced by the Canadian federal government in
October 2006 and which, as part of Bill C-52, received Royal Assent
on June 22, 2007. A trust that satisfies the definition of "real
estate investment ...