Homburg Invest announces closing of over-allotment option associated with the recently completed 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.
Halifax, Nova Scotia. June 29, 2010 - Homburg Invest Inc. ("HII") (TSX: HII.A &
HII.B and NYSE Euronext Amsterdam: HII), announced today that pursuant to an
over-allotment option granted under the underwriting agreement dated May
14, 2010 between HII, Homburg Canada Real Estate Investment Trust ("HCR"),
Homburg Canada REIT Limited Partnership, Homburg Canada Incorporated and a
syndicate of underwriters led by TD Securities Inc. (the "Underwriters"), the
Underwriters have purchased 1,628,900 additional units of HCR ("Units") at a
price of $10.00 per Unit, of which 977,340 Units were sold by Homco Realty Fund
(199) Limited Partnership, a subsidiary of HII (which acted as a promoter of
HCR), as a secondary offering of a portion of the Units it holds for an
aggregate gross consideration of $9,773,400 to HII. The net proceeds to HII from
the exercise of the over-allotment option will be used by HII for debt repayment
and debt servicing, and also for general corporate purposes.
As of the date hereof, HII owns 41.3% of the outstanding Units and Homburg
Canada Incorporated owns 7.9% of the outstanding Units. The remaining 50.8% of
the outstanding Units are owned by the public.
The Units 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.
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.
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
This press release contains forward-looking statements which reflect HII'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 disclaims any
obligation to update these forward-looking statements, except as required by
law.
[HUG#1428271]
PDF version of press release: http://hugin.info/138798/R/1428271/375670.pdf
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(i) the releases contained herein are protected by copyright and other applicable laws; and
(ii) they are solely responsible for the content, accuracy and originality of the information contained therein.
All reproduction for further distribution is prohibited.
Source: Homburg Invest Inc. via Thomson Reuters ONE
Unternehmensinformation / Kurzprofil:
Datum: 29.06.2010 - 16:20 Uhr
Sprache: Deutsch
News-ID 23190
Anzahl Zeichen: 0
contact information:
Town:
Halifax
Kategorie:
Business News
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"Homburg Invest announces closing of over-allotment option associated with the recently completed initial public offering of Homburg Canada Real Estate Investment Trust"
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