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RioCan REIT asks court to put joint venture with Hudson’s Bay into receivership: docs

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Summary
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64% Informative

RioCan Real Estate Investment Trust is pushing to put a joint venture it owned with Hudson's Bay into receivership.

Receivers are empowered by courts to take control of a company's assets, oversee their liquidation and repay creditors.

The Hudson’s Bay-RioCan venture was formed in 2015 and is made up of 12 properties the department store chain leases from the partnership.

VR Score

60

Informative language

55

Neutral language

76

Article tone

formal

Language

English

Language complexity

45

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

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no external sources

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