Cominar REIT has increased its offer in regards to their proposed purchase of CANMARC REIT. The new terms are: i) $16.50 per share in cash or ii) 0.7607 units of Cominar per CANMARC unit, subject to proration.

For more information on this and how it will affect your portfolio please feel free to call me to discuss the matter. I've included links below to ScotiaCapital's initial research report and the official press release from Cominar.

Click here to read the Flash sent out by ScotiaCapital's analyst on this proposed transaction, which now has support of the CANMARC Board of Directors.

Click here to read the official press release from Cominar.