Melcor REIT and Melcor Developments Announce Closing of Arrangement

EDMONTON, Alberta, April 23, 2025 (GLOBE NEWSWIRE) -- Melcor Real Estate Investment Trust (“Melcor REIT” or the “REIT”) (TSX: MR.UN) and Melcor Developments Ltd. (“Melcor” or the “Purchaser”) (TSX: MRD) announce that, in accordance with the previously announced plan of arrangement (the “Plan of Arrangement”) pursuant to the Business Corporations Act (Alberta), (i) Melcor acquired its unowned equity interest (approximately 45%) in Melcor REIT Limited Partnership (“REIT LP”) for $5.50 per Class A LP Unit in c ...