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Stock Market & Financial Investment News

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November 15, 2012
13:43 EDTGRPGranite Real Estate shareholders vote in favor of proposed REIT conversion
Granite Real Estate is pleased to announce that its shareholders have approved the company's conversion to a real estate investment trust. The REIT conversion was approved by 99.8% of the votes cast by holders of Granite's common shares at a special meeting of shareholders held on Thursday. Implementation of the REIT conversion remains subject to approval by the Superior Court of Quebec at a fairness hearing which is scheduled to be held on November 20 and to satisfaction or waiver of certain other conditions.
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