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Urbco Inc. Converts Into Northern Property REIT: Northern Property REIT Closes $66 Million Initial Public Offering (CCNMatthews)

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May 30, 2002 12:00 a.m. - YAHOO.COM

CALGARY, ALBERTA--Northern Property Real Estate Investment Trust is pleased to announce that its Plan of Arrangement , which was overwhelmingly approved by shareholders of its predecessor, Urbco Inc., at a May 13, 2002 meeting, is now effective. The effect of the Arrangement was to reorganize Urbco by: converting Urbco’s real estate rental business into an open-end real estate investment trust called "Northern Property Real Estate Investment Trust ; and transferring its land development and construction...

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