Notes: TORONTO, Jan. 3, 2013 /PRNewswire/ - Granite Real Estate Inc. (TSX: GRT; NYSE: GRP) announced today that effective January 3, 2013, it has completed its conversion from a corporate structure to a stapled unit Real Estate Investment Trust (REIT) structure. Under the plan of arrangement, all of the common shares of Granite Co. have been exchanged, on a one-for-one basis, for stapled units, each of which consists of one unit of Granite Real Estate Investment Trust (Granite REIT) and one common share of Granite REIT Inc. (Granite REIT Co.; together with Granite REIT,Granite). Beginning on January 4, 2013, the stapled units will trade on the Toronto Stock Exchange under the symbol GRT.UN and on the New York Stock Exchange under the symbol GRP.U. Granite REIT and Granite REIT Inc. will be reporting issuers under Canadian provincial and U.S. securities laws and, through Granite REIT Holdings Limited Partnership (Granite LP) and its subsidiaries, will continue to carry on the business previously conducted by Granite Co. and its subsidiaries.