Homburg Invest Inc. - Homburg Invest announces reduction of its interest in CANMARC Real Estate Investment Trust to 14.26%

/Not for dissemination in the United States or distribution through United States news or wire service/

MONTREAL, Jan. 25, 2012 /CNW Telbec/ - Homburg Invest Inc. (NYSE Euronext Amsterdam: HII) ("Homburg Invest" or the "Company") announces that it has sold through the facilities of the Toronto Stock Exchange 500,000 units of CANMARC Real Estate Investment Trust (the "REIT") on January 23, 2012, and an additional 500,000 REIT units on January 24, 2012, respectively for gross proceeds per REIT unit of $16.54 and $16.52.

Following the above mentioned dispositions of REIT units, Homburg Invest currently holds a 14.26% interest in the REIT through the ownership of 7,813,866 REIT units.

Homburg Invest is reviewing on a continuous basis all its options and no decision has been made at this time regarding any additional sale of REIT units.

As previously announced, the Company and certain of its affiliates is currently under the protection of the Canadian Companies' Creditors Arrangement Act. All Courts applications and orders as well as a copy of the Monitor's reports are posted by the Monitor on its website at the following address: http://www.deloitte.com/ca/homburg-invest. The Monitor's contact information is also available on its website.

In addition, additional information about the CCAA process is available at: www.homburginvestinformation.ca or www.homburginvestinformatie.nl. There is also a toll-free information line that Dutch residents may call to receive additional information about the CCAA process. The toll-free number for this information line is: 0800 023 0323.

About Homburg Invest

Homburg Invest Inc. owns and develops a diversified portfolio of quality commercial real estate including office, retail, industrial and development properties throughout Europe and the United States, as well as an interest in CANMARC Real Estate Investment Trust.casashawn

SOURCE HOMBURG INVEST INC.

For further information:

Canada
Caroline Martel
NATIONAL Public Relations
(514) 843-2313
cmartel@national.ca
  Netherlands
Heleen Jansen
Cohn & Wolfe
Tel 0031 (0)20 6768666
heleen.jansen@cohnwolfe.nl
       

 

Profil de l'entreprise

HOMBURG INVEST INC.

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