MONTREAL, Aug. 20 /CNW/ - Homburg Canada Real Estate Investment Trust ("HCR") (TSX: HCR.UN) announced today that a cash distribution of $0.07917 per unit of HCR (the "Units") for the month of August, 2010 will be payable on September 15, 2010 to unitholders of record as at August 31, 2010.
Unitholders can participate in HCR's distribution reinvestment plan (the "DRIP"). Eligible investors registered in the DRIP will have their monthly cash distributions used to purchase Units issued from treasury and will also receive bonus Units equal in value to 3% of their monthly cash distributions. The DRIP offers unitholders the opportunity to steadily increase their ownership in HCR without incurring any commissions or brokerage fees. Complete details of the DRIP are available from a unitholder's investment advisor.
About Homburg Canada Real Estate Investment Trust
Homburg Canada Real Estate Investment Trust 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, HCR owns a portfolio of Canadian income-producing commercial properties, comprised mainly of retail and office properties with certain industrial properties, as well as certain income-producing multi-family residential properties. The properties comprise approximately 6.6 million square feet of commercial gross leasable area and 1,725 multi-family residential units located in Québec, Atlantic Canada, Western Canada and Ontario.
SOURCE HOMBURG CANADA REAL ESTATE INVESTMENT TRUST
For further information: For further information: James W. Beckerleg, President and Chief Executive Officer, Homburg Canada Real Estate Investment Trust, 514-841-9725 ext. 358; Paul de la Plante, NATIONAL Public Relations, 514-843-2332; Gordon G. Lawlor, CA, Chief Financial Officer, Homburg Canada Real Estate Investment Trust, 514-841-9725 ext. 313