on Forum Asset Management Inc.
ASH REIT Unitholders Approve Merger with REIIF
Toronto-based Forum Asset Management Inc. announced that unitholders of Alignvest Student Housing REIT (ASH REIT) have overwhelmingly approved a combination with the Forum Real Estate Income and Impact Fund (REIIF). Over 99% of votes favored the merger and related transactions. Richard Abboud, Forum's CEO, highlighted the unitholders' confidence in REIIF's strategic growth within the Canadian student housing sector.
The merger is anticipated to close by the end of 2024, pending standard closing conditions. The necessary clearance from the Competition Bureau has been obtained. This transaction aims to position REIIF as a leading entity in student housing after completion.
R. P.
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