/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR
DISSEMINATION IN THE UNITED STATES/
MONTREAL, May 22, 2013 /CNW Telbec/ - Homburg Invest Inc. ("Homburg Invest" or the "Company") responded today to the advertisement published by The Catalyst
Capital Group Inc., on behalf of Catalyst Fund Limited Partnership II
and Catalyst Fund Limited Partnership IV ("Catalyst") in Dutch newspapers on May 16, 2013 and to the sending by Catalyst of
certain materials to the bondholders of Homburg Invest on May 16, 2013
relating to the option for such bondholders to elect to receive a cash
payment from Catalyst instead of the shares of a new corporate entity
("Newco") that they would otherwise receive under the Plan (the "Catalyst Option").
Homburg Invest wishes to clarify that neither the Advertisement nor the
Mailing was prepared nor delivered in consultation with Homburg Invest,
Samson Bélair/Deloitte & Touche Inc. in its capacity as Court-appointed
monitor (the "Monitor"), or Stichting Homburg Bonds (the "Trustee").
Homburg Invest is concerned that the information contained in the
Advertisement and the Mailing may be incomplete and require further
clarification on material facts. Catalyst will send a letter to the
bondholders of Homburg Invest to complete certain information and to
refer the bondholders to the disclosure in the Court-approved
information circular relating to the Plan (the "Circular") and the Monitor's Twenty-Third Report (the "Monitor's Report"). Bondholders of Homburg Invest can expect to receive this letter from
Catalyst in the next few days.
The advertisement and the mailing also refer to meetings of the
bondholders of Homburg Invest to be held on May 22, 2013 and May 23,
2013. The Company would like to clarify that these are merely
information sessions presented by Catalyst and not formal meetings of
the creditors of Homburg Invest.
Homburg Invest would like to remind its creditors that there are
advantages and disadvantages to accepting the Catalyst Option or not
doing so. The decision to elect or not to elect the Catalyst Option
will need to be made by each bondholder taking into account its own
circumstances and in light of the information contained in the Circular
and the Report.
Proxies must be returned as directed in the Circular
The communications from Catalyst also provided for naming ATC Corporate
Services (Netherlands) B.V. as a proxy, and included a return envelope
to be used for submitting proxies to Nova Capital B.V. Creditors should
be advised that neither Nova Capital B.V. nor ATC Corporate Services
(Netherlands) B.V. are authorized to solicit proxies on behalf of
Homburg Invest and neither has any role in the restructuring process.
Creditors should only return their proxies as described in the package
received by mail from Homburg Invest and the Monitor.
All creditors that have forwarded their proxy forms to ATC Corporate
Services (Netherlands) B.V. or Nova Capital B.V. must complete a NEW
proxy form. If you have already sent in your proxy form, please go to
the Monitor's website and print a new proxy form, complete it and send
it to the Monitor as set forth in the Circular and accompanying
instruction letter on how to complete the proxy. If you have any
questions or require any assistance, please communicate with the
Company or the Monitor as soon as possible.
Where to find information approved by Homburg Invest
Homburg Invest strongly recommends its bondholders to refer to the
Circular and the Monitor's Report, which have been sent to them by
mail, and which can be found on the website of Monitor at http://www.deloitte.com/ca/homburg-invest. The Circular presents in an objective manner the risks and benefits of
the Plan and the Catalyst Option. It has been prepared in consultation
with the Trustee and Catalyst and the sending of the Circular has been
approved by Homburg Invest, the Monitor, and the Court.
Where to find additional information
For additional information relating to the Plan, the official meetings
of the creditors or any other questions relating to Homburg Invest's
restructuring process, the Company invites its creditors to consult the
online webcast of May 17, 2013 and the FAQ section which can be found
on the Company's website at http://www.homburginvest.com/, as well as the website of Monitor at the address listed above.
Additional relevant information can be found in the Monitor's reports,
which are the periodic reports filed by the Monitor with the Canadian
Court and posted on both websites. Furthermore, creditors are invited
to communicate with the Monitor for any questions relating to the Plan
or the restructuring of Homburg Invest at:
For creditors in Europe
Monitor of Homburg Invest Incorporated, et. al.
C/o Deloitte Financial Advisory Services B.V.
1040 WD Amsterdam
For creditors in North America
Samson Bélair/Deloitte & Touche Inc.
Monitor of Homburg Invest Inc., et al.
1 Place Ville Marie, Suite 3000
Canada H3B 4T9
About Homburg Invest
Homburg Invest owns a diversified portfolio of commercial real estate
including office, retail, industrial and development properties
throughout Canada, Europe and the United States.
This press release contains forward-looking information within the
meaning of Canadian securities legislation. Forward-looking information
or statements can be identified by use of forward-looking words such as
"may", "will", "believe", "expect" or "intends" or the negative thereof
or similar variations. The actual outcome of the events described using
these statements could differ materially from that expressed or implied
by such statements. Such statements are qualified in their entirety by
the inherent risks and uncertainties surrounding future expectations.
Some important factors that could cause actual results to differ
materially from expectations include, among other things, the outcome
of the ongoing restructuring process, delays in the CCAA proceedings,
general economic and market factors, changes in government regulation
and the factors described from time to time in the documents filed by
Homburg Invest with the securities regulatory authorities in Canada.
This cautionary statement qualifies all forward-looking statements
attributable to Homburg Invest and persons acting on its behalf. Unless
otherwise stated or required by applicable law, all forward-looking
statements speak only as of the date of this press release and Homburg
Invest disclaims any obligation to update such statements.
SOURCE: Homburg Invest
For further information:
NATIONAL Public Relations
Tel.: (514) 843-2313
Cohn & Wolfe
Tel.: 0031 (0)20 6768666