InStorage REIT Board of Trustees Provides Further Update, Announces Discussions With Canadian Storage Partners, ULC

The Board of Trustees of InStorage Real Estate Investment Trust (“InStorage”) (Toronto:IS-UN.TO – News) today provided a further update regarding the status of InStorage’s process to review strategic alternatives to the take-over bid made by Canadian Storage Partners, ULC (“Partners ULC”) to acquire all of the outstanding trust units of InStorage at a price of $3.75 per unit. InStorage and Partners ULC have agreed,... 

InStorage REIT Board of Trustees Provides Update, Maintains Recommendation

The Board of Trustees of InStorage Real Estate Investment Trust (“InStorage”) provided an update in response to inquiries received from unitholders regarding the status of InStorage’s process to review strategic alternatives to the hostile take-over bid made by Canadian Storage Partners, ULC (“Partners ULC”) to acquire all of the outstanding trust units of InStorage at a price of $3.75 per unit. As previously expressed,... 

InStorage REIT Announces November 2008 Distribution

InStorage Real Estate Investment Trust (the “REIT”) announced today that its distribution for the month of November 2008 will be $0.021 per REIT Unit. The distribution will be paid on December 15, 2008 to unitholders of record at the close of business on November 28, 2008. Holders of exchangeable units of InStorage Limited Partnership will receive a corresponding distribution. InStorage Real Estate Investment Trust The REIT is an unincorporated... 

InStorage REIT Responds to Offer by Canadian Storage Partners

InStorage Real Estate Investment Trust issued the following statement in response to the offer yesterday by Canadian Storage Partners, ULC to acquire all of the outstanding trust units of InStorage and the Class B and Class C limited partnership units of InStorage Limited Partnership for $3.75 in cash per unit. To assist with the review of the unsolicited offer, the Board of InStorage has appointed a Special Committee and has engaged Brookfield Financial,...