InterRent receives Investment Canada OK for arrangement

Executive Summary

• InterRent Real Estate Investment Trust obtained Investment Canada Act approval for its previously announced plan of arrangement with Carriage Hill Properties Acquisition Corp. (CLV Group & GIC).
• The transaction will acquire all REIT units (except retained‑interest units) at $13.55 per unit in cash and is expected to close in late 2025 or early 2026, after which the units will be delisted from the TSX.
• All required regulatory clearances—including Competition Act clearance and a final Ontario Superior Court order—have been secured; unitholders approved the arrangement on Aug. 25 2025.

Key Details

• Transaction Structure: Statutory plan of arrangement under the Business Corporations Act (Ontario).
• Purchaser: Carriage Hill Properties Acquisition Corp., a newly formed entity owned by CLV Group and GIC.
• Consideration: Cash payment of $13.55 per outstanding unit of InterRent REIT.
• Units Affected: All units of the REIT, except certain units held by retained‑interest holders.
• Regulatory Approvals:
• Investment Canada Act approval (received).
• Competition Act clearance (previously obtained).
• Final order from the Ontario Superior Court of Justice (Commercial List) approving the arrangement.
• Unitholder Approval: Approved by InterRent unitholders on Aug 25 2025.
• Closing Timeline: Anticipated late 2025 or early 2026, subject to customary closing conditions, all of which are expected to be satisfied.
• Post‑Closing Effect: Units will be delisted from the Toronto Stock Exchange following completion.

Notable Quotes

(No direct quotes were provided in the release.)