Homburg Invest Provides Further Information About Stakeholder Communications and the CCAA Process

/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/

MONTREAL, Sept. 12, 2011 /CNW Telbec/ - (TSX: HII.A & HII.B and NYSE Euronext Amsterdam: HII) -On Friday, September 9, 2011, the application by Homburg Invest Inc. ("HII" or the "Company") and certain of its affiliates for protection under the Canadian Companies' Creditors Arrangements Act ("CCAA") was granted by the Court. The Company today provided additional information on the CCAA process and on measures to facilitate communications with all relevant stakeholders, including bond and mortgage holders, other creditors, shareholders and tenants.

What is CCAA?
Under the CCAA, HII will have the ability to work with its stakeholders to enhance the balance sheet of the Company.

HII is not bankrupt. The Companies' Creditors Arrangement Act (CCAA) is a Canadian law which provides a framework which allows insolvent corporations to restructure their business and financial affairs while maintaining its operations.

The CCAA process is carried out under the supervision of the Canadian Court (Quebec Superior Court) which appoints a Monitor to oversee proceedings. Samson Bélair / Deloitte & Touche Inc. ("Deloitte & Touche") is the Court-appointed Monitor that will oversee HII proceedings under the CCAA. Deloitte & Touche will post all Court applications and orders as well as a copy of its reports to the Court on its website at the following address:
http://www.deloitte.com/view/en_CA/ca/specialsections/insolvencyandrestructuringproceedings/index.htm

Communication Channels for Debt Holders, Creditors, Shareholders and Other Stakeholders,
In addition to information available to creditors and other stakeholders on the Deloitte & Touche web site, HII is taking several measures to ensure that stakeholders will be kept fully apprised of all developments in connection with the CCAA process.

HII has engaged public relations firms in the Netherlands and in Canada.

In Canada, NATIONAL Public Relations in Montreal has been engaged to advise the Company and coordinate its Canadian and global communications strategy and activities.

In the Netherlands, Cohn & Wolfe in Amsterdam has been engaged to coordinate communications with bondholders, creditors and other stakeholders in the Netherlands.

HII has created a new web site address to provide information to stakeholders.  Toll-free telephone numbers for Netherlands stakeholders will also be made available in the next few days to enable stakeholders to contact and speak directly to representatives of the Company, who will provide additional information, if available.

HII will issue a press release indicating the website addresses and toll free telephone numbers, as soon as they are up and running, but no later than this coming Thursday September 15, 2011.

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 Homburg Canada Real Estate Investment Trust.

SOURCE HOMBURG INVEST INC.

For further information:

Media: 

Canada
Caroline Martel
NATIONAL Public Relations
(514) 843-2313
Netherlands
Heleen Jansen
Cohn & Wolfe
Heleen.jansen@cohnwolfe.nl
Tel 0031 (0)20 6768666
Mob 0031 (0)6 21576153

 

Profil de l'entreprise

HOMBURG INVEST INC.

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