Boardwalk Equities Inc., Calgary, Canada, has received the shareholder and regulatory approvals needed to reorganize as a real estate investment trust.Boardwalk said its units will begin trading May 5 if it has satisfied the conditions imposed by the Toronto Stock Exchange by May 3. "The common shares of the company will continue to trade on the exchange in the interim period between May 3, 2004 until close of market on Tuesday, May 4, 2004 and will, on Monday, May 3, 2004 and Tuesday, May 4, 2004, represent an entitlement to REIT units," the company said.

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