TORONTO, Sept. 2, 2014 /CNW/ - NorthWest International Healthcare Properties REIT (the "REIT") announced today that it has received notice from Firm Capital Corporation ("Firm Capital") in respect of the early exercise of 3,000,000 non-transferrable warrants of the REIT (the "Warrants"), issued in connection with an acquisition facility relating to the previously announced Rede D'Or Hospital Portfolio Acquisition, as defined and detailed in the REIT's press release dated September 30, 2013.
The Warrants were exercised at a price of $2.15 for total cash proceeds to the REIT of $6,450,000 which are expected to be used for general trust and working capital purposes.
As a result of the exercise by Firm Capital of their Warrants, there are no longer any warrants of the REIT outstanding.
About NorthWest International Healthcare Properties Real Estate Investment Trust
The REIT is an unincorporated, open-ended real estate investment trust established under the laws of the Province of Ontario. The REIT's objectives are to: (i) provide its unitholders with stable and growing cash distributions from investments focused on international healthcare properties, on a tax efficient basis; (ii) enhance the value of the REIT's assets and maximize long-term unit value; and (iii) expand the asset base of the REIT.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
SOURCE: NorthWest International Healthcare Properties REIT
For further information: Paul Dalla Lana, CEO, (416) 366-8300 x1001; Teresa Neto, CFO, (416) 366-8300 x1002