Homburg Invest announces filing of preliminary prospectus for initial public offering of Homburg Canada Real Estate Investment Trust
(Thomson Reuters ONE) -
Not for dissemination in the United States or distribution through United States
news or wire services.
Shares issued: Class A - 17,094,490 Class B - 3,148,538
Halifax, Nova Scotia. April 9, 2010 - Richard Homburg, Chairman and Chief
Executive Officer of Homburg Invest Inc. ("HII" or the "Company") (TSX: HII.A &
HII.B and NYSE Euronext Amsterdam: HII) announced today that further to the
Company's December 16, 2009 news release in which it declared its intention to
spin off its real estate assets into five geographically based real estate
companies, a preliminary prospectus has been filed with the securities
regulatory authorities of all provinces and territories in Canada for the
initial public offering of trust units of Homburg Canada Real Estate Investment
Trust (the "REIT"). The filing is the initial step in executing HII's previously
announced strategy of unlocking value for its shareholders.
The proposed offering is being underwritten by a syndicate of underwriters led
by TD Securities Inc. and including National Bank Financial Inc., Desjardins
Securities Inc., CIBC World Markets Inc., Scotia Capital Inc., Canaccord
Financial Ltd., HSBC Securities (Canada) Inc., Dundee Securities Corporation and
Beacon Securities Ltd. Completion of the initial public offering is subject to
and conditional upon the receipt of all necessary approvals, including
regulatory approvals.
A preliminary prospectus containing important information relating to these
securities has been filed with securities commissions or similar authorities in
all of the provinces and territories of Canada. The preliminary prospectus is
still subject to completion or amendment. Copies of the preliminary prospectus
may be obtained from one of the underwriters noted above and are available on
SEDAR at www.sedar.com under the REIT's profile. There will not be any sale or
any acceptance of an offer to buy the securities until a receipt for the final
prospectus has been issued.
These securities have not been, nor will they be, registered under the United
States Securities Act of 1933, as amended, and may not be offered or sold in the
United States without registration or an applicable exemption from the
registration requirements of that Act. This news release does not constitute an
offer for sale of these securities in the United States of America or in the
European Economic Area.
This press release contains forward-looking statements which reflect HII's and
the REIT's current expectations regarding future events. The forward-looking
statements are subject to a number of risks and uncertainties that could cause
actual results or events to differ materially from current expectations. HII and
the REIT disclaim any obligation to update these forward-looking statements,
except as required by law.
About Homburg Invest Inc.
Homburg Invest Inc. owns and develops a diversified portfolio of quality real
estate including office, retail, industrial and residential apartment and
townhouse properties throughout Canada, the United States and Europe. Its head
office is located in Halifax, Nova Scotia.
About Homburg Canada Real Estate Investment Trust
Homburg Canada Real Estate Investment Trust is a recently created unincorporated
open-ended real estate investment trust established pursuant to a declaration of
trust under the laws of the Province of Quebec.
Upon closing of the offering, the REIT, which is managed internally, will own a
portfolio of Canadian income-producing commercial properties, comprised mainly
of retail and office properties with certain industrial properties, as well as
certain income-producing multi-family residential properties. The properties
comprise approximately 6.6 million square feet of commercial gross leasable area
and 1,725 multi-family residential units located in Québec, Atlantic Canada,
Western Canada and Ontario.
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For further information, please contact:
Mr. Richard Homburg Paul de la Plante
Chairman and CEO NATIONAL Public Relations
Homburg Invest Inc. (514) 843-2332
(902) 468-3395
J. Richard Stolle
President and COO
Homburg Invest Inc.
31-20-573-3855
[HUG#1401987]
PDF version of the press release : http://hugin.info/138798/R/1401987/356821.pdf
Unternehmensinformation / Kurzprofil:
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Datum: 09.04.2010 - 22:28 Uhr
Sprache: Deutsch
News-ID 18817
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