1) Very pleased to see that they have been active in NCIB unit purchases and cancellations! This will be accretive to all financial parameters with immediate effect. An excellent approach for a REIT trading at a significant discount to NAV!

2) Also pleased to see that they have opted now for a permanent mid month distribution pay date (as PMZ.un did with their first distribution announced for 15 Feb.). No more of this bouncing around from month to month. Pick a date - and stick with it!

Kudos to HR.un management on these 2 developments!