MISSISSAUGA, ON, Oct. 22 /CNW/ - Morguard Corporation (MRC: TSX) ("Morguard") announces that it has acquired an additional 201,326 common shares (the "Shares") of Revenue Properties Company Limited ("RPC") through the facilities of the Toronto Stock Exchange at a price per Share of $11.50. Morguard now owns 9,123,157 Shares representing approximately 86.4% of the issued and outstanding Shares.
The Shares were acquired in connection with Morguard's previously announced intention to acquire all of the remaining outstanding Shares not already owned by Morguard and its affiliates.
Morguard Corporation is a major Canadian real estate and property management company. It has extensive retail, office, industrial and residential holdings through its investments in Morguard REIT and Revenue Properties Company Limited. Morguard provides management services to institutional and other investors for commercial and residential real estate through Morguard Investments Limited and Morguard Residential.
A copy of the related early warning report may be obtained from the SEDAR website (www.sedar.com).