Oxford sees rising vacancies in calgary

Article Abstract:

Oxford Properties Group Inc. reported a cash flow of C$97.4 million for the year ended Dec. 31, 1998, or C$1.85 per share, from C$62.1 million or C$1.34 per share in 1997. The company reported that 93.4% of its portfolio of office and industrial buildings and shopping centers are occupied in 1998, up by 1.8% from 1997. Oxford is planning to launch a stock buyback of up to 5% of its shares outstanding on the Toronto Stock Exchange.

User Contributions:

Comment about this article or add new information about this topic:

Comment:  (50-4000 characters)

Name:

E-mail:

Security Code:

Centrefund shareholders kill contract

Article Abstract:

Toronto, Ont.-based Centrefund Realty Corp. has reported that its shareholders voted to cancel a management contract with Dawson Realty Advisory Corp. Centrefund, which will pay $25 million to Dawson for ending the contract, reversed course after receiving pressure from major institutional shareholders.

User Contributions:

Comment about this article or add new information about this topic:

Comment:  (50-4000 characters)

Name:

E-mail:

Security Code:

Centrefund proposal meets stiff opposition

Article Abstract:

Toronto, Ont.-based Centrefund Realty Corp. has met oppostion from its institutional investors for a plan that would cancel management contracts. Centrefund, which is led by chief executive officer Peter Cohen, predicts defeat for the resolution at its upcoming shareholders conference.

User Contributions:

Comment about this article or add new information about this topic:

Comment:  (50-4000 characters)

Name:

E-mail:

Security Code: