If the Acquisition and the Arrangement are completed, what will Public Shareholders receive for their Common Shares?
Public Shareholders will receive one REIT Unit for each Common Share held. Each REIT Unit will give the holder an undivided beneficial interest in Boardwalk REIT and entitlement, pro rata, to distributions made by Boardwalk REIT. For more information, see “Description of the Acquisition and the Arrangement The Plan of Arrangement” and “Declaration of Trust and Description of REIT Units”.
