H&R REIT ANNOUNCES RECORD DATE AND MEETING DATE FOR SPECIAL MEETING IN CONNECTION WITH PROPOSED TRANSACTION

EmitenTrust.com TORONTO, Sept. 25, 2026 /CNW/ -- H&R Real Estate Investment Trust ("H&R" or the "REIT") (TSX: HR.UN) announced today that it has filed the notice of meeting and record date in respect of its special meeting (the "Special Meeting") of holders of trust units of H&R, special voting units of H&R and units of H&R Portfolio Limited Partnership designated as "Class B Limited Participation LP Units" (collectively, the "H&R REIT Voting Securityholders") fixing the record date and meeting date in respect of the Special Meeting. The record date for the determination of those H&R REIT Voting Securityholders entitled to receive notice of and vote at the Special Meeting has been fixed as October 2, 2026, and the Special Meeting will be held on November 13, 2026 in a virtual-only format by way of live audio webcast, consistent with the REIT's customary practice. Materials in connection with the Special Meeting are expected to be filed on SEDAR+ and posted on H&R's website on or about October 8, 2026, and sent to H&R REIT Voting Securityholders shortly thereafter.

The purpose of the Special Meeting is for H&R REIT Voting Securityholders to consider H&R's previously announced transaction pursuant to which GO Residential Real Estate Investment Trust ("GO REIT") and 1001700058 Ontario Inc., on behalf of a consortium of co-purchasers (which includes a fund affiliated with Blackstone Real Estate, a partnership managed by Crestpoint Real Estate Investments Ltd. and a company controlled by members of the family of Tom Hofstedter, Executive Chairman and Chief Executive Officer of H&R), have agreed to acquire all of the assets of H&R by way of a court-approved plan of arrangement under the Business Corporations Act (Alberta) pursuant to which holders of trust units of the REIT will receive a mix of cash and GO REIT units (the "Transaction").

For further details relating to the Transaction, please refer to H&R's material change report in respect of the Transaction filed under H&R's profile on SEDAR+ at www.sedarplus.ca. In addition, further details relating to the Transaction and the Special Meeting, including voting instructions, will be included in H&R's management information circular in connection with the Special Meeting which will be filed under H&R's profile on SEDAR+ at www.sedarplus.ca and sent to H&R REIT Voting Securityholders in the coming weeks.

ABOUT H&R

H&R is one of Canada's largest real estate investment trusts. H&R has ownership interests in a Canadian and U.S. portfolio primarily comprised of high-quality residential (operating as Lantower Residential), industrial and office properties totalling approximately 20.5 million square feet.

CAUTIONARY AND FORWARD-LOOKING STATEMENTS

Certain statements in this news release constitute forward-looking statements within the meaning of applicable securities laws. Forward-looking statements generally can be identified by the use of terms and phrases such as "will", "may", "believe", "subject to", "expected", and similar terms and phrases concerning anticipated future events, results, circumstances, performance or expectations that are not historical facts, including negative and grammatical variations, and references to assumptions and limitations. Some of the specific forward-looking statements in this news release include, but are not limited to, statements with respect to: the Special Meeting and the timing thereof; the filing and sending of H&R's management information circular and related meeting materials; and the Transaction, including the consideration to be received by unitholders pursuant thereto. Such forward-looking statements reflect H&R's current beliefs and are based on information currently available to management.

Forward-looking statements are provided for the purpose of presenting information about management's current expectations and plans relating to the future, and readers are cautioned that such statements may not be appropriate for other purposes. These statements are not guarantees of future performance and are based on H&R's estimates and assumptions that are subject to risks, uncertainties and other factors including those risks and uncertainties described below and those discussed in H&R's materials filed with the Canadian securities regulatory authorities from time to time, which could cause the actual results, performance or achievements of H&R to differ materially from the forward-looking statements contained in this news release. Material factors or assumptions that were applied in drawing a conclusion or making an estimate set out in the forward-looking statements include assumptions relating to the general economy, including debt markets continuing to provide access to capital at a reasonable cost; assumptions concerning currency exchange and interest rates; expectations and assumptions concerning the anticipated benefits of the Transaction to unitholders and other stakeholders; the receipt in a timely manner of regulatory, court, unitholder and lender approvals for the Transaction; the performance by the parties to the Transaction of their obligations under their respective agreements; and the availability of cash flow from operations to meet monthly distributions.

Additional risks and uncertainties include, among other things, those related to: real property ownership; the current economic environment; tariffs and other international trade disputes; property valuations; credit risk and tenant concentration; lease rollover risk; interest rate and other debt-related risks; inflation risk; development risks; residential rental risk; capital expenditure risk; currency risk; liquidity risk; cyber security risk and breach of privacy or information security systems; artificial intelligence and related technologies; expanding social media vehicles; financing credit risk; ESG and climate change risk; public health crises; co-ownership interest in properties; business continuity; general uninsured losses; joint arrangement and investment risks; talent management and succession planning; potential acquisition, investment and disposition opportunities and joint venture arrangements; potential diversion of management time on the Transaction; potential undisclosed liabilities associated with acquisitions; competition for real property investments; potential conflicts of interest; litigation and regulatory risk; unit prices; availability of cash for distributions; credit ratings; ability to access capital; dilution; unitholder liability; redemption right; investment eligibility; debentures; statutory remedies; unitholder activism; tax risk; and additional tax risks applicable to H&R and to unitholders. H&R cautions that these lists of factors, risks and uncertainties are not exhaustive. Although the forward-looking statements contained in this news release are based upon what H&R believes are reasonable assumptions, there can be no assurance that actual results will be consistent with these forward-looking statements.

Readers are also urged to examine H&R's materials filed with the Canadian securities regulatory authorities on SEDAR+ (www.sedarplus.ca) under H&R's issuer profile from time to time as they may contain discussions on risks and uncertainties which could cause the actual results and performance of H&R to differ materially from the forward-looking statements contained in this news release. All forward-looking statements in this news release are qualified by these cautionary statements. These forward-looking statements are made as of September 25, 2026 and H&R, except as required by applicable Canadian law, disclaims any intention or obligation to update or revise them to reflect new information or the occurrence of future events or circumstances.

Additional information regarding H&R is available at www.hr-reit.com and on www.sedarplus.ca.

SOURCE H&R Real Estate Investment Trust