H&R REIT Addresses Recent Media Reports

Executive Summary

• H&R REIT confirms it has engaged in preliminary, non-exclusive discussions with affiliates of Blackstone, Inc. regarding a potential sale of certain REIT assets.
• No binding arrangements have been executed, and the REIT provides no assurance that a transaction or sale will proceed.
• The disclosure was issued in response to a regulatory inquiry from the Canadian Investment Regulatory Organization (CIRO) concerning recent trading activity and media speculation.

Key Details

• Confirms preliminary, non-exclusive discussions with affiliates of Blackstone, Inc.
• Discussions center on a potential sale of certain assets held by the REIT.
• No arrangements or agreements have been entered into with Blackstone.
• Explicitly states there are no assurances that the REIT will proceed with any sale or other transaction.
• Disclosure issued following a request from the Canadian Investment Regulatory Organization (CIRO) regarding recent trading activity in the REIT's units and accompanying media reports.
• The REIT commits to providing further updates only as circumstances warrant and in strict compliance with applicable securities laws.