Homburg Invest repays in full ?30 million 7.5% Homburg Mortgage Bond 2
(Thomson Reuters ONE) -
Shares issued: Class A - 17,094,490 Class B - 3,148,538
Halifax, Nova Scotia. April 15, 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 the Company has
repaid the outstanding balance on the 7.5% Homburg Mortgage Bond 2, due April
25, 2010. The mortgage-backed bonds were repaid early following the sale or
refinancing, by the Company of the investment properties against which the bonds
were secured. This is the second Homburg mortgage-backed bond to be repaid in
the normal course of business at the end of its seven-year term.
The next mortgage bonds to mature will be the ? 20 million 7.5% Homburg Mortgage
Bond 4, due November 30, 2011; and ? 20 million 7.5% Homburg Mortgage Bond 5,
due December 31, 2011. The Company may, at its option, repay either of the
above mortgage-backed bonds before their respective maturity.
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.
Forward-looking Statements
This news release may contain statements which by their nature are
forward-looking and express the Company's beliefs, expectations or intentions
regarding future performance, future events or trends. Forward looking
statements are made by the Company in good faith, given management's
expectations or intentions, which are subject to market conditions,
acquisitions, occupancy rates, capital requirements, sources of funds, expense
levels, operating performance and other matters. Therefore, forward-looking
statements contain assumptions which are subject to various factors including:
unknown risks and uncertainties; general economic conditions; local market
factors; performance of other third parties; environmental concerns; and
interest rates, any of which may cause actual results to differ from the
Company's good faith beliefs, expectations or intentions which have been
expressed in or may be implied from this news release. Forward-looking
statements are not guarantees of future performance and are subject to known and
unknown risks. Information and statements in this document, other than
historical information, should be considered forward-looking and reflect
management's current views of future events and financial performance that
involve a number of risks and uncertainties. Factors that could cause actual
results to differ materially include, but are not limited to, the following:
general economic conditions and developments within the real estate industry,
competition and the management of growth. The Toronto Stock Exchange has neither
approved nor disapproved the information contained herein.
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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#1404255]
PDF version of the press release: http://hugin.info/138798/R/1404255/358366.pdf
Unternehmensinformation / Kurzprofil:
Datum: 15.04.2010 - 17:36 Uhr
Sprache: Deutsch
News-ID 19129
Anzahl Zeichen: 0
contact information:
Town:
Halifax
Kategorie:
Business News
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"Homburg Invest repays in full ?30 million 7.5% Homburg Mortgage Bond 2"
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