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Boardwalk files information circular on proposed transaction
Boardwalk Equities Inc. (BEI - TSX; NYSE)
CALGARY, Jan. 13 /PRNewswire-FirstCall/ -- Further to the press release issued
on January 9, 2004, Boardwalk Equities Inc. has now executed the Acquisition and
Arrangement Agreement in connection with the previously announced proposal to
reorganize BEI into a real estate investment trust to be called Boardwalk REIT.
An information circular has been prepared in connection with the proposed
transaction and filed with the United States Securities and Exchange Commission
via EDGAR. A copy of the information circular has also been made available on
SEDAR although readers are cautioned that information contained therein may
change as a result of SEC review.
Corporate Profile
Boardwalk Equities Inc. is Canada's largest owner/operator of multi-family
rental communities. Boardwalk currently owns and operates in excess of 250
properties with over 31,200 units totaling approximately 26 million net rentable
square feet. The Company's portfolio is concentrated in the provinces of
Alberta, Saskatchewan, Ontario and Quebec. Boardwalk is headquartered in Calgary
and its shares are listed on both the Toronto Stock Exchange and the New York
Stock Exchange and trade under the symbol BEI. The Company has a total market
capitalization of approximately $2.3 billion.
DATASOURCE: Boardwalk Equities Inc.
CONTACT: Boardwalk Equities Inc.: Sam Kolias, President and CEO,
(403) 531-9255; Roberto Geremia, Senior Vice President, Finance and
Chief Financial Officer, (403) 531-9255; Mike Hough, Senior Vice President,
(416) 364-0849; Paul Moon, Director of Corporate Communications,
(403) 531-9255