/THIS PRESS RELEASE IS NOT FOR DISTRIBUTION IN THE UNITED STATES/
TORONTO, April 14 /CNW/ - First Leaside Management Inc., the manager of
the First Leaside Properties Fund (the "Fund"), and First Leaside Securities
Inc. are pleased to announce the completion of the third closing of the
initial public offering of First Leaside Properties Fund. The Fund sold 10,923
Class A Units, 1,362,984 Class B Units and 558,529 Class C Units for total
gross proceeds of $1,932,436.
The Fund completed the initial and second closings on March 27, 2009. To
date, the Fund has sold an aggregate of 48,736 Class A Units, 4,282,501 Class
B Units and 1,418,832 Class C Units pursuant to the initial public offering,
for total gross proceeds of $5,750,069. It is anticipated that additional
closings will occur until June 25, 2009.
For further information:
For further information: CEO of the Manager, David C. Phillips, (905)