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Inovalis Real Estate Investment Trust to Pursue “Core+” Strategy and Asset Recycling Program With Renewed Board as Strategic Review Process Concludes

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TORONTO–()–Inovalis Real Estate Investment Trust (the “REIT”) (TSX:INO.UN) today announced its intention to pursue a strategy that includes new “core and core+” investments in its current and new European markets and special cash distributions to unitholders attributable to its asset recycling plan, following the completion of its strategic review process. It has also set July 13, 2021 for the annual meeting of unitholders (the “Meeting”) to consider, among other things, the election of new independent trustees nominated as part of the REIT’s board renewal process.

Strategic Review

The strategic review process, first announced on October 28, 2020, was overseen by a special committee of independent members of the Board of Trustees (the “Special Committee”), with assistance from independent financial and legal advisors.

The Special Committee’s mandate was deliberately broad in order to enable it to…

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