Business News • MarketWire • Public Storage Canadian Properties Announces Voting Results of the Special Meeting of Unitholders and the Transfer of Outstanding Units |
Public Storage Canadian Properties Announces Voting Results of the Special Meeting of Unitholders and the Transfer of Outstanding Units |
|
|
Public Storage Canadian Properties Announces Voting Results of the Special Meeting of Unitholders and the Transfer of Outstanding Units
TORONTO, ONTARIO--(Marketwire - Sept. 8, 2010) - Public Storage Canadian Properties (the "Partnership") (TSX:PUB) announced today that unitholders of the Partnership ("Unitholders") have approved the extraordinary resolution (the "Extraordinary Resolution") amending the provisions in the Agreement of Limited Partnership of the Partnership dated December 2, 1998, as amended in order to permit PS Canada Company ULC ("PS Canada") to effect a compulsory transfer (the "Transfer") of all units of the Partnership ("Units") not held by PS Canada, SG Canadian Investors ULC and their respective affiliates ("Affected Units") to certain wholly-owned subsidiaries of PS Canada for $20.00 cash per Unit (the "Consideration"), to provide that no distributions will be made in 2010 to Unitholders in respect of the financial quarters ending September 30, 2010 or December 31, 2010 and to revise provisions for the allocation of net income of
View More : http://www.marketwire.com/mw/release.do?id=1315804&sourceType=3
|
|
|