12:05 PM EST - H&R REIT : Announces today its strategic repositioning plan to transform from a diversified REIT, into a simplified, growth-oriented REIT with increased multi-residential and industrial exposure surfacing value through its significant development pipeline. This follows H&R's previously announced sale of the Bow office tower and Bell office campus totaling $1.47 billion in gross proceeds. H&R REIT shares T.HR.UN are trading up $0.50 at $16.96.

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