H & R Reit Finance Trust Complete Bought Deal Financing

On May 31, 2011, H&R Real Estate Investment Trust and H&R Finance Trust (collectively, H&R) completed a bought deal financing pursuant to which they issued $200,014,500 of H&R stapled units. The stapled units were sold to a syndicate of underwriters co-led by CIBC World Markets Inc. and RBC Capital Markets, and included TD Securities Inc., BMO Capital Markets, Scotia Capital Inc. and Canaccord Genuity Corp.

The net proceeds of the financing will be used by H&R to fund development projects, property acquisitions and for general trust purposes.

H&R was represented by Blake, Cassels & Graydon LLP with a team that included William Fung, Leslie Johnson, Ali Naushahi and Suneel Gokhale (securities) and Jeffrey Trossman and Andrew Spiro (tax) and by Abraham Leitner of Davies Ward Phillips & Vineberg LLP for US tax matters.

The underwriters were represented by Goodmans LLP with a team that included Allan Goodman and Brian Savage (securities); David Veneziano and Mark Biderman (tax) and Ken Herlin and Dan Shapira (real estate).