H&R Announces its Intention to Redeem Outstanding 2017 Convertible Unsecured Debentures

H&R Announces its Intention to Redeem Outstanding 2017 Convertible Unsecured 
Debentures 
TORONTO, May 24, 2013 /CNW/ - H&R Real Estate Investment Trust ("H&R") (TSX: 
HR.UN; HR.DB.C, HR.DB.D, HR.DB.E, HR.DB.F and HR.DB.H) announced its intention 
to redeem all of its outstanding 6.00% Series C convertible unsecured 
debentures maturing June 30, 2017 (the "2017 Convertible Debentures") on the 
earliest date permitted under the second supplemental trust indenture dated 
December 30, 2009 (the "Supplemental Indenture"), being July 2, 2013 (the 
"Redemption Date") pursuant to and subject to the terms of the Supplemental 
Indenture. As at the date hereof, the aggregate principal amount of 
$167,675,000 was outstanding on the 2017 Convertible Debentures. The 2017 
Convertible Debentures are listed for trading on the TSX under the trading 
symbol HR.DB.C. 
Each outstanding 2017 Convertible Debenture in the principal amount of $1,000 
will be redeemed as at the Redemption Date upon payment by H&R of a redemption 
amount of $1000.33, being equal to the aggregate principal amount and all 
accrued and unpaid interest thereon up to but excluding the Redemption Date, 
less any applicable withholding taxes. The regular interest payment due June 
30, 2013 will be paid to holders of the 2017 Convertible Debentures on such 
date pursuant to the terms of the Supplemental Indenture. 
Notice of the redemption will be delivered to the trustee, CIBC Mellon Trust 
Company, and to the Canadian Depository for Securities Limited ("CDS") today. 
Non-registered holders (banks, brokerage firms or other financial 
institutions) who maintain their interests in the 2017 Convertible Debentures 
through CDS should contact their CDS customer service representative with any 
questions about the redemption. Beneficial holders with any questions about 
the redemption should contact their respective brokerage firm or financial 
advisor. 
About H&R REIT
H&R REIT is an open-ended real estate investment trust, which owns a North 
American portfolio of 40 office, 112 industrial and 163 retail properties 
comprising over 53 million square feet and 3 development projects, with a fair 
value of approximately $13 billion. The foundation of H&R REIT's success since 
inception in 1996 has been a disciplined strategy that leads to consistent and 
profitable growth. H&R REIT leases its properties for long terms to 
creditworthy tenants and strives to match those leases with primarily 
long-term, fixed-rate financing. 
Forward-looking Statements
Certain information in this news release contains forward-looking information 
within the meaning of applicable securities laws (also known as 
forward-looking statements) including, among others, statements relating to 
the objectives of H&R REIT, strategies to achieve those objectives, H&R REIT's 
beliefs, plans, estimates, and intentions, and similar statements concerning 
anticipated future events, results, circumstances, performance or expectations 
that are not historical facts. Forward-looking statements generally can be 
identified by words such as "outlook", "objective", "may", "will", "expect", 
"intend", "estimate", "anticipate", "believe", "should", "plans", "project", 
"budget" or "continue" or similar expressions suggesting future outcomes or 
events. Such forward-looking statements reflect H&R REIT's current beliefs and 
are based on information currently available to management. These statements 
are not guarantees of future performance and are based on H&R REIT's estimates 
and assumptions that are subject to risk and uncertainties, including those 
discussed in H&R REIT's materials filed with the Canadian securities 
regulatory authorities from time to time, which could cause the actual results 
and performance of H&R REIT to differ materially from the forward-looking 
statements contained in this news release. Those risks and uncertainties 
include, among other things, risks related to: prices and market value of 
securities of H&R REIT; availability of cash for distributions; restrictions 
pursuant to the terms of indebtedness; liquidity; credit risk and tenant 
concentration; interest rate and other debt related risk; tax risk; ability to 
access capital markets; dilution; lease rollover risk; construction risks; 
currency risk; unitholder liability; co-ownership interest in properties; 
competition for real property investments; environmental matters; reliance on 
one corporation for management of substantially all H&R REIT's properties; and 
changes in legislation and indebtedness of H&R REIT. Material factors or 
assumptions that were applied in drawing a conclusion or making an estimate 
set out in the forward-looking statements include that the general economy is 
stable; local real estate conditions are stable; interest rates are relatively 
stable; and equity and debt markets continue to provide access to capital. H&R 
REIT cautions that this list of factors is not exhaustive. Although the 
forward-looking statements contained in this news release are based upon what 
H&R REIT believes are reasonable assumptions, there can be no assurance that 
actual results will be consistent with these forward-looking statements. All 
forward-looking statements in this news release are qualified by these 
cautionary statements. These forward-looking statements are made as of today, 
and H&R REIT, except as required by applicable law, assumes no obligation to 
update or revise them to reflect new information or the occurrence of future 
events or circumstances. 
Additional information regarding H&R REIT is available atwww.hr-reit.com and 
onwww.sedar.com. For more information, please contact Larry Froom, Chief 
Financial  Officer, H&R REIT, 416-635-7520, or emailinfo@hrreit.com. 
SOURCE: H&R Real Estate Investment Trust 
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CO: H&R Real Estate Investment Trust
ST: Ontario
NI: REL  
-0- May/24/2013 16:24 GMT