Sign In

 

 

Morguard North American Residential REIT For the Year Ended December 31, 2016 Conference CallGP0|#f6ee19df-6c3a-4081-bd74-668207df6964;L0|#0f6ee19df-6c3a-4081-bd74-668207df6964|Morguard;GTSet|#bbd2a0ca-f457-44e3-b106-3c8139b9e1faGP0|#a9eac8ae-d456-40d5-af28-dc36ae543995;L0|#0a9eac8ae-d456-40d5-af28-dc36ae543995|Morguard North American Residential REIT;GTSet|#08f799fb-3b4e-446d-9e79-1b6ddfdd40a2;GP0|#50f77e71-a149-46fd-90c2-9f738ea9df00;L0|#050f77e71-a149-46fd-90c2-9f738ea9df00|Real Estate Investment2017-01-20T05:00:00Z<p>Morguard North American Residential Real Estate Investment Trust (the "Trust") (TSX: MRG.UN), expects to announce its financial results for the years ended December 31, 2016 and 2015 on Tuesday, February 14, 2017.</p><p>The Trust invites you to participate in a conference call on <strong>Thursday, February 16, 2017 </strong>at<strong> 3:00 p.m. (ET).</strong>  An overview of the Trust's financial results will be provided by Robert D. Wright, CFO.  A question and answer session will then follow.</p><p>To participate in the conference call, please dial <strong>647-427-7450</strong> <strong>or 1-888-231-8191.  </strong>Please quote <strong>conference ID # 57770386</strong>.</p><p>For those unable to participate, a taped replay will be available after the completion of the call from 6:00 p.m. (ET) until midnight on March 16, 2017.  To access the replay, dial 416-849-0833 or 1-855-859-2056 and enter the passcode number ID # 57770386.</p><p><strong>About Morguard North American Residential REIT</strong></p><p>The Trust is an unincorporated, open-ended real estate investment trust which owns, through a limited partnership, interests in a portfolio of 15 Canadian residential apartment communities, located in Alberta and Ontario, and 31 U.S. low-rise and mid-rise, garden-style apartment communities located in Alabama, Colorado, Florida, Georgia, Louisiana, North Carolina and Texas consisting of more than 13,000 residential suites.</p><p>For more information, please visit Morguard.com.</p><img src="https://rt.newswire.ca/rt.gif?NewsItemId=C6042&Transmission_Id=201701201100CANADANWCANADAPR_C6042&DateId=20170120" alt="" style="margin:5px;width:1px;" /><p>For further information: please contact: For further instructions or information about this conference call, please contact Nancy Williams at 905-281-4758 or <a href="mailto:nwilliams@morguard.com"><span style="text-decoration:underline;">nwilliams@morguard.com</span></a></p><p> </p>http://www.morguard.com/news-knowledge/posts/morguard-narreit-q42016-conference-call
Morguard Real Estate Investment Trust For the Year Ended December 31, 2016 Conference CallGP0|#f6ee19df-6c3a-4081-bd74-668207df6964;L0|#0f6ee19df-6c3a-4081-bd74-668207df6964|Morguard;GTSet|#bbd2a0ca-f457-44e3-b106-3c8139b9e1faGP0|#ca7174ac-6e4b-4ce1-b570-12f3c9be8efe;L0|#0ca7174ac-6e4b-4ce1-b570-12f3c9be8efe|Morguard REIT;GTSet|#08f799fb-3b4e-446d-9e79-1b6ddfdd40a2;GP0|#50f77e71-a149-46fd-90c2-9f738ea9df00;L0|#050f77e71-a149-46fd-90c2-9f738ea9df00|Real Estate Investment2017-01-20T05:00:00Z<p>Morguard Real Estate Investment Trust (the "Trust") (TSX: MRT.UN), expects to announce its financial results for the years ended December 31, 2016 and 2015 on Wednesday, February 15, 2017.</p><p>The Trust invites you to participate in a conference call on <strong>Thursday, February 16, 2017</strong> at<strong> 4:00 p.m. (ET)</strong>.  An overview of the Trust's results will be provided by Pamela McLean, CFO.  A question and answer session will then follow. </p><p>To participate in the conference call, please dial <strong>647-427-7450</strong> <strong>or 1-888-231-8191.  </strong>Please quote <strong>conference ID # 57854069</strong>.</p><p>For those unable to participate, a taped replay will be available after the completion of the call from 7:00 p.m. (ET) until midnight on March 16, 2017.  To access the replay, dial 416-849-0833 or 1-855-859-2056 and enter the passcode number # 57854069.</p><p><strong>About Morguard Real Estate Investment Trust</strong></p><p>The Trust is a closed-end real estate investment trust, which owns a diversified portfolio of 49 high quality retail, office and industrial income producing properties in Canada consisting of approximately 8.7 million square feet of leaseable space.</p><p>For more information, please visit Morguard.com.</p><img src="https://rt.newswire.ca/rt.gif?NewsItemId=C5442&Transmission_Id=201701201130CANADANWCANADAPR_C5442&DateId=20170120" alt="" style="margin:5px;width:1px;" /><p>For further information: For further instructions or information about this conference call, please contact Nancy Williams at 905-281-4758 or <a href="mailto:nwilliams@morguard.com"><span style="text-decoration:underline;">nwilliams@morguard.com</span></a></p><p> </p>http://www.morguard.com/news-knowledge/posts/morguard-reit-q42016-conference-call
Morguard North American Residential REIT Declares January 2017 Distribution of $0.05333 per UnitGP0|#f6ee19df-6c3a-4081-bd74-668207df6964;L0|#0f6ee19df-6c3a-4081-bd74-668207df6964|Morguard;GTSet|#bbd2a0ca-f457-44e3-b106-3c8139b9e1faGP0|#a9eac8ae-d456-40d5-af28-dc36ae543995;L0|#0a9eac8ae-d456-40d5-af28-dc36ae543995|Morguard North American Residential REIT;GTSet|#08f799fb-3b4e-446d-9e79-1b6ddfdd40a2;GP0|#50f77e71-a149-46fd-90c2-9f738ea9df00;L0|#050f77e71-a149-46fd-90c2-9f738ea9df00|Real Estate Investment2017-01-13T05:00:00Z<p>Morguard North American Residential Real Estate Investment Trust (the "REIT") (TSX: MRG.UN) today announced that it has declared a distribution of $0.05333 per unit for the month of January 2017.  The distribution will be payable on February 15, 2017 to unitholders of record as at January 31, 2017.</p><p><strong>About Morguard North American Residential REIT</strong></p><p>The REIT is an unincorporated, open-ended real estate investment trust which owns, through a limited partnership, interests in a portfolio of 15 Canadian residential apartment communities, located in Alberta and Ontario, and 31 U.S. low-rise and mid-rise, garden-style apartment communities located in Alabama, Colorado, Florida, Georgia, Louisiana, North Carolina and Texas consisting of more than 13,000 residential suites.</p><p> </p><p>For further information: please visit Morguard.com; Morguard North American Residential REIT: K. Rai Sahi, Chief Executive Officer, T 905-281-3800; Robert D. Wright, Chief Financial Officer, T 905-281-3800</p>http://www.morguard.com/news-knowledge/posts/morguard-narreit-jan2017-distribution
Morguard Real Estate Investment Trust Declares January 2017 Distribution of 8 Cents per UnitGP0|#f6ee19df-6c3a-4081-bd74-668207df6964;L0|#0f6ee19df-6c3a-4081-bd74-668207df6964|Morguard;GTSet|#bbd2a0ca-f457-44e3-b106-3c8139b9e1faGP0|#ca7174ac-6e4b-4ce1-b570-12f3c9be8efe;L0|#0ca7174ac-6e4b-4ce1-b570-12f3c9be8efe|Morguard REIT;GTSet|#08f799fb-3b4e-446d-9e79-1b6ddfdd40a2;GP0|#50f77e71-a149-46fd-90c2-9f738ea9df00;L0|#050f77e71-a149-46fd-90c2-9f738ea9df00|Real Estate Investment2017-01-13T05:00:00Z<p>Morguard Real Estate Investment Trust (the "Trust") (TSX: MRT.UN) today announced that it has declared a distribution of 8 cents per unit for the month of January 2017. The distribution will be payable on February 15, 2017 to unitholders of record as at January 31, 2017.</p><p><strong>About Morguard Real Estate Investment Trust</strong></p><p>The Trust is a closed-end real estate investment trust, which owns a diversified portfolio of 49 high quality retail, office and industrial income producing properties in Canada consisting of approximately 8.7 million square feet of leaseable space.</p><p>For more information, please visit <a href="/"><span style="text-decoration:underline;">Morguard.com</span></a>.</p><img src="https://rt.newswire.ca/rt.gif?NewsItemId=C5784&Transmission_Id=201701131100CANADANWCANADAPR_C5784&DateId=20170113" alt="" style="margin:5px;width:1px;" /><p>For further information: Morguard Real Estate Investment Trust, K. Rai Sahi, President and Chief Executive Officer, T 905-281-4800; Pamela McLean, Vice President and Chief Financial Officer, T 905-281-4800</p>http://www.morguard.com/news-knowledge/posts/morguard-reit-jan2017-distribution
Morguard North American Residential REIT Announces Completion of its Previously Announced Public Offering of $60 Million of Trust UnitsGP0|#f6ee19df-6c3a-4081-bd74-668207df6964;L0|#0f6ee19df-6c3a-4081-bd74-668207df6964|Morguard;GTSet|#bbd2a0ca-f457-44e3-b106-3c8139b9e1faGP0|#a9eac8ae-d456-40d5-af28-dc36ae543995;L0|#0a9eac8ae-d456-40d5-af28-dc36ae543995|Morguard North American Residential REIT;GTSet|#08f799fb-3b4e-446d-9e79-1b6ddfdd40a2;GP0|#50f77e71-a149-46fd-90c2-9f738ea9df00;L0|#050f77e71-a149-46fd-90c2-9f738ea9df00|Real Estate Investment2017-01-09T05:00:00Z<p>Morguard North American Residential Real Estate Investment Trust (the "REIT") (TSX: MRG.UN) announced today that it has completed its previously announced public offering with a syndicate of underwriters, co-led by RBC Capital Markets and TD Securities, on a bought deal basis, of 4,370,000 trust units (the "Units") at a price of $13.75 per Unit representing gross proceeds of $60,087,500 (the "Offering").</p><p>As part of the transaction, Morguard Corporation purchased $10,037,500 of the Units being offered, being 730,000 Units, at the offering price. Morguard Corporation currently holds an approximate 46.0% effective interest in the REIT through ownership of Units and Class B LP Units. </p><p>The net proceeds from the Offering will be used to fund future acquisitions, repay debt and for general trust purposes.</p><p>Copies of the REIT's short form prospectus are available on SEDAR at <a href="http://www.sedar.com/"><span style="text-decoration:underline;">www.sedar.com</span></a>.</p><p>The Units have not been, nor will they be, registered under the United States Securities Act of 1933, as amended, and may not be offered, sold or delivered, directly or indirectly, in the United States or to, or for the account or benefit of, "U.S. persons" (as defined in Regulation S under the United States Securities Act of 1933, as amended). This press release does not constitute an offer to sell or a solicitation of an offer to buy any of the Units in the United States or to, or for the account or benefit of, U.S. Persons. </p><p><strong>About Morguard North American Residential REIT</strong> </p><p>The REIT is an unincorporated, open-ended real estate investment trust which owns, through a limited partnership, interests in a portfolio of 15 Canadian residential apartment communities, located in Alberta and Ontario, and 31 U.S. low-rise and mid-rise, garden-style apartment communities located in Alabama, Colorado, Florida, Georgia, Louisiana, North Carolina and Texas consisting of more than 13,000 residential suites.</p><p><strong>Forward-Looking Information</strong> </p><p>Certain information in this press release may constitute forward-looking statements that involve a number of risks and uncertainties, including statements regarding the outlook for the REIT's business results of operations. Forward-looking statements use the words "believe", "expect", "anticipate", "may", "should", "intend", "estimate" and other similar terms, which do not relate to historical matters. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, events or developments to be materially different from any future results, events or developments expressed or implied by such forward-looking statements. Such factors include, among others, the following: general economic and business conditions, both nationally and in the regions in which the REIT operates; changes in business strategy or development/acquisition plans; environmental exposures; financing risk; existing governmental regulations and changes in, or the failure to comply with, governmental regulations; liability and other claims asserted against the REIT; and other factors referred to in the REIT's filings with Canadian securities regulators. Given these uncertainties, readers are cautioned not to place undue reliance on such forward-looking statements. The REIT does not assume the obligation to update or revise any forward looking statements.</p><img src="https://rt.newswire.ca/rt.gif?NewsItemId=C4579&Transmission_Id=201701090826CANADANWCANADAPR_C4579&DateId=20170109" alt="" style="margin:5px;width:1px;" /><p>For further information: please contact: K. Rai Sahi, Chief Executive Officer, (905) 281-3800; Robert D. Wright, Chief Financial Officer, (905) 281-3800</p>http://www.morguard.com/news-knowledge/posts/morguard-narreit-completion-of-offering-60m-trust-units
Morguard Welcomes William Ashley to The Colonnade on Bloor StreetGP0|#f6ee19df-6c3a-4081-bd74-668207df6964;L0|#0f6ee19df-6c3a-4081-bd74-668207df6964|Morguard;GTSet|#bbd2a0ca-f457-44e3-b106-3c8139b9e1faGP0|#14ddfd02-772e-4184-813f-3edbb2e94651;L0|#014ddfd02-772e-4184-813f-3edbb2e94651|Morguard Corporation;GTSet|#08f799fb-3b4e-446d-9e79-1b6ddfdd40a2;GP0|#3e31cf64-7302-4306-b3fd-abaa24a28863;L0|#03e31cf64-7302-4306-b3fd-abaa24a28863|Property Management2017-01-09T05:00:00Z<p>​Morguard welcomes William Ashley to The Colonnade as part of the new line up of luxury retailers at the iconic building. The Pop Up Shoppe will open in February 2017 followed by the opening of the new showroom in fall 2017. The Colonnade, at 131 Bloor Street West in Toronto, was Canada’s first mixed-use building featuring chic retailers. From its opening in 1963 to today, an era of best-in-class retailers continues to serve the demands of Bloor Street shoppers seeking exceptional product. Read more <a href="http://blog.williamashley.com/all/welcome-to-the-future/">here</a>.</p>http://www.morguard.com/news-knowledge/posts/morguard-thecolonnade-williamashley
David Ward of Morguard Appointed to the Executive Committee of NAIOP as TreasurerGP0|#f6ee19df-6c3a-4081-bd74-668207df6964;L0|#0f6ee19df-6c3a-4081-bd74-668207df6964|Morguard;GTSet|#bbd2a0ca-f457-44e3-b106-3c8139b9e1faGP0|#14ddfd02-772e-4184-813f-3edbb2e94651;L0|#014ddfd02-772e-4184-813f-3edbb2e94651|Morguard Corporation;GTSet|#08f799fb-3b4e-446d-9e79-1b6ddfdd40a2;GP0|#50f77e71-a149-46fd-90c2-9f738ea9df00;L0|#050f77e71-a149-46fd-90c2-9f738ea9df00|Real Estate Investment2017-01-04T05:00:00Z<p>David Ward, Director of Acquisitions and Portfolio Management at Morguard Investments Limited, has been appointed to the Executive Committee of NAIOP Corporate as Treasurer. NAIOP, the Commercial Real Estate Development Association, is one of the leading real estate associations for developers, owners, and investors of office, industrial, retail and mixed use real estate. Based out of Washington DC, NAIOP comprises over 18,000 members of 50 chapters throughout North America. </p><p>David joined NAIOP in 2005 and served on various committees as a board member of NAIOP Greater Toronto Chapter from 2006 – 2013, and served as President in 2012. His current term as Treasurer of NAIOP Corporate will run for three years.</p>http://www.morguard.com/news-knowledge/posts/david-ward-appointed-treasurer-of-naiop
Morguard REIT Announces Completion of Previously Announced Public Offering of $175 Million of Convertible DebenturesGP0|#f6ee19df-6c3a-4081-bd74-668207df6964;L0|#0f6ee19df-6c3a-4081-bd74-668207df6964|Morguard;GTSet|#bbd2a0ca-f457-44e3-b106-3c8139b9e1faGP0|#ca7174ac-6e4b-4ce1-b570-12f3c9be8efe;L0|#0ca7174ac-6e4b-4ce1-b570-12f3c9be8efe|Morguard REIT;GTSet|#08f799fb-3b4e-446d-9e79-1b6ddfdd40a2;GP0|#50f77e71-a149-46fd-90c2-9f738ea9df00;L0|#050f77e71-a149-46fd-90c2-9f738ea9df00|Real Estate Investment2016-12-30T05:00:00Z<p>Morguard Real Estate Investment Trust ("Morguard REIT" or the "REIT") (TSX: MRT.UN), announced today that it has completed its previously announced public offering (the "Offering"), on a bought deal basis, of $175 million aggregate principal amount of 4.50% convertible unsecured subordinated debentures due December 31, 2021 (the "Debentures"). The Debentures are convertible, at the option of the holder, into trust units of Morguard REIT at $20.40 per trust unit. The Offering was underwritten by a syndicate of underwriters co-led by RBC Capital Markets and TD Securities, and including BMO Capital Markets, CIBC, Scotiabank, HSBC Securities (Canada) Inc. and National Bank Financial Inc. As part of the transaction, Morguard Corporation purchased $50 million aggregate principal amount of the Debentures.</p><p>The REIT intends to use a portion of the net proceeds from the Offering to fund the redemption of all of the REIT's 4.85% convertible unsecured subordinated debentures (current outstanding principal balance of approximately $150.0 million) which mature on October 31, 2017 and which have a par call date of November 1, 2016. The REIT intends to use the remainder of the net proceeds, if any, to fund future acquisitions, for debt repayment and for general trust purposes.</p><p>Copies of the REIT's short form prospectus are available on SEDAR at <a href="http://www.sedar.com/"><span style="text-decoration:underline;">www.sedar.com</span></a>.</p><p>The securities offered have not been, nor will they be, registered under the United States Securities Act of 1933, as amended, and may not be offered, sold or delivered, directly or indirectly, in the United States or to, or for the account or benefit of, "U.S. persons" (as defined in Regulation S under the United States Securities Act of 1933, as amended). This press release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States or to, or for the account or benefit of, U.S. Persons. </p><p><strong>About Morguard REIT</strong></p><p>Morguard REIT is a closed-end real estate investment trust, which owns a diversified portfolio of 49 high quality retail, office and industrial income producing properties in Canada consisting of approximately 8.7 million square feet of leaseable space.</p><p><em>Certain information in this press release may constitute forward-looking statements that involve a number of risks and uncertainties, including statements regarding the outlook for the REIT's business results of operations. Forward-looking statements use the words "believe", "expect", "anticipate", "may", "should", "intend", "estimate" and other similar terms, which do not relate to historical matters. Such forward-looking statements involve known and unknown risks and uncertainties and other factors that may cause the actual results to differ materially from those indicated. Such factors include, but are not limited to, general economic conditions, the availability of new competitive supply of commercial real estate that may become available either through construction or sublease, the REIT's ability to maintain occupancy and to lease or re-lease space on a timely basis at current or anticipated rates, tenant bankruptcies, financial difficulties and defaults, changes in interest rates, changes in operating costs, the REIT's ability to obtain adequate insurance coverage at a reasonable cost, the ability to complete potential acquisitions and the availability of financing. The REIT believes that the expectations reflected in forward-looking statements are based on reasonable assumptions; however, the REIT can give no assurance that actual results will be consistent with these forward-looking statements. Except as required by applicable law, the REIT disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise. Readers should be cautioned not to place undue reliance on the forward-looking statements.</em></p><img src="https://rt.newswire.ca/rt.gif?NewsItemId=C3585&Transmission_Id=201612300835CANADANWCANADAPR_C3585&DateId=20161230" alt="" style="margin:5px;width:1px;" /><p>For further information: Morguard Real Estate Investment Trust, Mr. K. Rai Sahi, President and Chief Executive Officer, 905-281-4800, Fax: 905-281-4818, <a href="/"><span style="text-decoration:underline;">www.morguard.com</span></a></p>http://www.morguard.com/news-knowledge/posts/morguard-reit-public-offering-completion-dec302016
Toy Mountain at 350 Sparks in OttawaGP0|#f6ee19df-6c3a-4081-bd74-668207df6964;L0|#0f6ee19df-6c3a-4081-bd74-668207df6964|Morguard;GTSet|#bbd2a0ca-f457-44e3-b106-3c8139b9e1faGP0|#14ddfd02-772e-4184-813f-3edbb2e94651;L0|#014ddfd02-772e-4184-813f-3edbb2e94651|Morguard Corporation;GTSet|#08f799fb-3b4e-446d-9e79-1b6ddfdd40a2;GP0|#3e31cf64-7302-4306-b3fd-abaa24a28863;L0|#03e31cf64-7302-4306-b3fd-abaa24a28863|Property Management2016-12-20T05:00:00Z<p>For the third consecutive year, Morguard was a major participant in Ottawa's Toy Mountain event, generously donating both space at 350 Sparks St. and volunteer support. The Toy Mountain charity provides new Christmas toys for girls and boys, ages 0 to 12, who are in need. This year, it is estimated that 7,000 families will be helped with over 100,000 toys that have been donated by members of the public.</p><p>Firefighters from Ottawa Fire Services helped out by dropping off 22,000 toys collected from Ottawa's annual Help Santa Toy Parade. As well, tenants in the building have been unleashing their "inner elf" by helping out at the toy depot on the ground floor at 350 Sparks, where thousands of toys have been collected.  On December 8<sup>th</sup>, CTV News Ottawa filmed their live broadcast for the 12 p.m. news and interviewed Morguard Building Manager, Tim Henry.  Watch it <a href="https://review.bellmedia.ca/view/623813768#" target="_blank">here</a>. </p><p>Morguard employees, friends and families spent the day on December 16<sup>th</sup> volunteering, helping to organize as many toys as possible so they could be given to those less fortunate families in our community. </p><p>To find out more about Ottawa's Toy Mountain click <a href="http://ottawa.ctvnews.ca/toy-mountain" target="_blank">here</a>. </p><p> </p><p><img src="/PublishingImages/News_Knowledge/Posts/17_News+Knowledge-Posts_Collage_ToyMountain_2016.12.20.jpg" alt="" style="margin:5px;" /> </p>http://www.morguard.com/news-knowledge/posts/morguard-2016toymountain-350sparksottawa
Morguard Corporation Early Warning Press Release regarding Temple Hotels Inc.GP0|#f6ee19df-6c3a-4081-bd74-668207df6964;L0|#0f6ee19df-6c3a-4081-bd74-668207df6964|Morguard;GTSet|#bbd2a0ca-f457-44e3-b106-3c8139b9e1faGP0|#14ddfd02-772e-4184-813f-3edbb2e94651;L0|#014ddfd02-772e-4184-813f-3edbb2e94651|Morguard Corporation;GTSet|#08f799fb-3b4e-446d-9e79-1b6ddfdd40a2;GP0|#50f77e71-a149-46fd-90c2-9f738ea9df00;L0|#050f77e71-a149-46fd-90c2-9f738ea9df00|Real Estate Investment2016-12-19T05:00:00Z<p>Morguard Corporation (TSX: MRC) ("<strong>Morguard</strong>") announced  today that on December 16, 2016 it acquired 54,578,187 common shares (the "<strong>Common Shares</strong>") of Temple Hotels Inc. ("<strong>Temple</strong> <strong>Hotels</strong>") in connection with Temple Hotels' previously announced rights offering (the "<strong>Rights</strong> <strong>Offering</strong>"), as described in Temple Hotels' Rights Offering Circular dated November 7, 2016. </p><p>Each of the Common Shares were acquired at an issue price of $0.6769 per share or total subscription price of $36,943,955.14 for the aggregate 54,578,187 Common Shares. The Common Shares acquired by Morguard represent approximately 35.9% of the issued and outstanding Common Shares of Temple Hotels on December 16, 2016 on a partially diluted basis, including the conversion of Temple Hotel convertible debentures held by Morguard only. </p><p>After the completion of the Rights Offering, Morguard owns 84,816,076 Common Shares and convertible debentures of Temple Hotels that are convertible into a maximum of 526,284 Common Shares, representing approximately 56.1% of the issued and outstanding Common Shares on a partially diluted basis, including the conversion of the Temple Hotel convertible debentures held by Morguard only. Prior to the acquisition of 54,578,187 Common Shares on December 16, 2016, Morguard held 30,237,889 Common Shares of Temple Hotels, representing approximately 38.9% of the issued and outstanding Common Shares.</p><p>The Common Shares were acquired for investment purposes. Morguard and its affiliates may, from time to time, depending on market and other conditions, increase or decrease its beneficial ownership, control or direction over securities of Temple Hotels through market transactions, private agreements or otherwise. </p><p>This press release is being issued pursuant to National Instrument 62-103 – <em>The Early Warning System and Related Take-Over Bid and Insider Reporting Issuers</em> which requires a report to be filed under the Company's profile on SEDAR (<a href="http://www.sedar.com/"><span style="text-decoration:underline;">www.sedar.com</span></a>) containing additional information respecting the foregoing matters. A copy of such report may be obtained by contacting Beverley Flynn at Morguard Corporation, 55 City Centre Drive, Suite 1000, Mississauga, Ontario L5B 1M3. The head office of Temple Hotels is located at 2600 Seven Evergreen Place, Winnipeg, Manitoba, R3L 2T3.</p><p><strong>About Morguard Corporation</strong></p><p>Morguard Corporation is a major North American real estate and property management company.  It has extensive retail, office, industrial, hotel and residential holdings owned directly and through its investment in Morguard REIT and Morguard North American Residential REIT.  Morguard also provides real estate management services to institutional and other investors.  Morguard's owned and managed portfolio of assets is valued at more than $19.9 billion.</p><p>For more information, please visit Morguard.com.</p><img src="https://rt.newswire.ca/rt.gif?NewsItemId=C3450&Transmission_Id=201612191245CANADANWCANADAPR_C3450&DateId=20161219" alt="" style="margin:5px;width:1px;" /><p>For further information: Morguard Corporation, K. Rai Sahi, Chairman and CEO, T 905.281.3800; Beverley G. Flynn, Vice President. General Counsel, T 905.281.3800</p>http://www.morguard.com/news-knowledge/posts/morguard-early-warning-templehotels-dec19