MONTREAL, Sept. 27, 2011 /CNW Telbec/ - CANMARC Real Estate Investment
Trust ("CANMARC" or the "REIT") (www.canmarcreit.com) is the new name for Homburg Canada Real Estate Investment Trust,
(TSX: HCR.UN) effective immediately, as approved by the REIT's board of
trustees. The date that the REIT will commence trading on the Toronto
Stock Exchange (the "TSX") under its new name will be announced
shortly, following fulfilment of the customary requirements of the TSX.
A new trading symbol will be announced simultaneously.
"CANMARC is a simple, bilingual and recognizable name, rich with
references to what the REIT is today and to what it aspires to be,"
said Jim Beckerleg, President and Chief Executive Officer. "CANMARC
reflects our goal of continuing to do more of what we have been engaged
in since our creation sixteen months ago."
"The CANMARC name is being introduced to reflect and affirm the REIT's
evolution as an independent real estate investment trust with strong
governance, a solid growth record and an experienced management team
focussed on building a national Canadian real estate portfolio with
landmark and other quality properties in the office and retail segments
of the commercial real estate market."
"Our name is changing to CANMARC, but the organization and team that
have driven the growth and success of the REIT in its first sixteen
months, remain the same," concluded Mr. Beckerleg. "All of us at
CANMARC look forward to continuing to build our relationships and
reputation in the real estate and financial communities across Canada."
CANMARC begins immediately to put the name change into effect at all of
its locations and business operations, and in its external and internal
About CANMARC Real Estate Investment Trust
CANMARC (www.canmarcreit.com) is an unincorporated open-ended real estate investment trust
established pursuant to a declaration of trust under the laws of the
Province of Quebec. Managed internally, CANMARC owns a portfolio of
Canadian income-producing commercial properties, consisting of retail
and office properties with certain industrial properties. In total,
CANMARC properties comprise approximately 8 million square feet of
commercial gross leasable area and 1725 multi-family residential units
located in Quebec, Atlantic Canada, Western Canada and Ontario.
This news release may contain forward-looking information within the
meaning of applicable securities legislation. Forward-looking
information is based on a number of assumptions and is subject to a
number of risks and uncertainties, many of which are beyond the REIT's
control that could cause actual results and events to differ materially
from those that are disclosed in or implied by such forward-looking
information. Such risks and uncertainties include, but are not limited
to, the factors discussed under "Risk Factors" in the REIT's latest
annual information form.
The REIT's objectives and forward-looking statements are based on
certain assumptions, including that (i) the REIT will receive financing
on favourable terms; (ii) the future level of indebtedness of the REIT
and its future growth potential will remain consistent with the REIT's
current expectations; (iii) there will be no changes to tax laws
adversely affecting the REIT's financing capacity or operations; (iv)
the impact of the current economic climate and the current global
financial conditions on the REIT's operations, including its financing
capacity and asset value, will remain consistent with the REIT's
current expectations; (v) the performance of the REIT's investments in
Canada will proceed on a basis consistent with the REIT's current
expectations; and (vi) capital markets will provide the REIT with
readily available access to equity and/or debt.
The forward-looking statements contained in this news release are
expressly qualified in their entirety by this cautionary statement. All
forward-looking statements in this press release are made as of the
date of this press release. The REIT, except as required by applicable
securities legislation, does not undertake to update any such
forward-looking information whether as a result of new information,
future events or otherwise. Additional information about these
assumptions and risks and uncertainties is contained in the REIT's
filings with securities regulatory authorities, including its latest
annual information form, which are available on SEDAR at www.sedar.com.
SOURCE Homburg Canada Real Estate Investment Trust
For further information:
| Investors: |
| James W. Beckerleg |
President and Chief Executive Officer
| Gordon G. Lawlor, CA |
Executive Vice President, Chief Financial
Officer and Secretary
| Media: |
| Mélanie Tardif, CMA |
NATIONAL Public Relations