Canadian REIT, Affiliate Seek Buyers

Canada's O&Y Real Estate Investment Trust has joined O&Y Properties Corp. in a process aimed at the joint sale of both entities."In connection with the joint process, O&Y Properties and O&Y REIT, of which O&Y Properties directly and indirectly owns approximately 42%, have entered into an agreement under which O&Y Properties has agreed that it will only support an offer for its shares or its direct and indirect interest in O&Y REIT that includes an offer on an equivalent price basis for the limited voting units of O&Y REIT, not owned by O&Y Properties," O&Y REIT reported. O&Y can be found on the Internet at http://www.oyreit.com.