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Partners REIT wins proxy fight, keeps external management
Partners REIT wins proxy fight, keeps external management
(JASON FRANSON For The Globe and Mail)

Partners REIT lodges complaint with OSC against activist

Partners Real Estate Investment Trust is escalating its disagreement with U.S. activist investment firm Orange Capital LLC to Ontario’s securities regulator.

In a complaint filed Thursday, the REIT alerted the Ontario Securities Commission to its concerns over the hedge fund’s offer to buy a 10-per-cent stake in the company. The REIT said the offer is “highly coercive” and “abusive to the capital markets” as well as investors.