I think it'll be fine ... how could it not go through?
It seems to be a go again... Globe & Mail 24 December.
" Globe and Mail Update — H&R Real Estate Investment Trust has raised $200-million by placing debentures with Fairfax Financial Holdings Ltd. and is cutting its distribution to help pay for a Calgary skyscraper known as The Bow.
Fairfax has agreed to purchase the five-year, 11.5 per cent unsecured debentures, the trust said in a statement.
The REIT will also cut its monthly cash distributions to unitholders by half to $0.06, and the money saved will be used to finance construction of The Bow, where EnCana Corp., Canada's largest energy company, has agreed to locate its head office.
The Toronto-based REIT said in November that the development of the $1.4-billion skyscraper would continue, even though the global financial crisis had dried up funding. The trust had also said that it could be forced into selling assets, including The Bow, to address financial challenges.