TORONTO , Feb. 13, 2013 /CNW/ - KEYreit (TSX : KRE.UN) announced that it has been notified by the Toronto Stock Exchange (TSX) that it has deferred its consideration for acceptance of KEYreit's unitholder rights plan (the Rights Plan) until such time as the TSX is satisfied that the Ontario Securities Commission will not intervene pursuant to National Policy 62-202 - Take-Over Bids - Defensive Tactics. Pursuant to TSX policies, the TSX automatically defers acceptance of shareholder rights plans adopted in response to specific take-over bids.
Even though the TSX has deferred its review of the Rights Plan, the Rights Plan remains in effect. A copy of the Rights Plan is available at www.sedar.com.
KEYreit (KRE-UN.TO) is Canada's premier small-box retail property owner with 227 properties in nine provinces across Canada . KEYreit's properties are well located and geographically diverse across Canada with the majority of all properties containing long-term quadruple net leases.