Granite Real Estate (TSE:GRT.UN) has released an update.
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Granite Real Estate Investment Trust has successfully completed the transition from a stapled unit structure to a traditional REIT trust unit structure, a move aimed at simplifying the company’s capital structure. The company’s unitholders now hold an equivalent number of REIT units as their previous stapled units, with Granite GP becoming a wholly-owned subsidiary. The restructured units will continue to trade on the TSX and NYSE under the same ticker symbols.
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