RBC, Mill Pond Oppose Blackstone’s Canada H&R REIT Breakup Deal

Markets Deals Contact us:Provide news feedback or report an error Confidential tip?Send a tip to our reporters Site feedback:Take our Survey By Paula Sambo and Derek Decloet October 8, 2026 at 1:55 PM UTC RBC Global Asset Management says it will vote against the breakup and sale of Canada’s H&R Real Estate Investment Trust , adding to opposition on a deal that would give Blackstone Inc. a collection of industrial properties in Canada. RBC is one of H&R’s largest equity investors with 9.3 million units and it plans to cast them against the transaction, Managing Director Hanif Mamdani said in an emailed statement. He wouldn’t elaborate on the reasons.