Homburg Invest Inc. announces declaration of semi-annual dividend of $0.24



    Shares issued: Class A - 148,945,498 Class B - 31,514,782

    HALIFAX, Feb. 19 /CNW/ - (TSX: HII.A & HII.B and AEX:HII)- Richard
Homburg, Chairman and CEO of Homburg Invest Inc. ("Homburg Invest") is pleased
to announce that at a meeting of the Board of Directors held February 14, 2008
the payment of the semi-annual dividend of $0.24 per share was approved. The
dividend will be payable on March 31, 2008 to holders of Class A Subordinate
Voting Shares and Class B Multiple Voting Shares at the close of business on
March 17, 2008.
    The Board of Directors of the Company has also determined that the price
of Class A Subordinate Voting Shares which may be purchased with cash
dividends, under the Company's Dividend Reinvestment Plan, with respect to
these dividend payments will be 97% of the market price as determined under
the Plan.
    All dividends paid by Homburg Invest are eligible dividends unless
indicated otherwise.

    Homburg Invest, with its head office in Halifax, Nova Scotia, owns and
develops a diversified portfolio of quality real estate including office,
retail, industrial and residential apartment and townhouse properties
throughout Canada, the United States and Europe.

    This news release may contain statements which by their nature are
forward looking and express the Company's beliefs, expectations or intentions
regarding future performance, future events or trends. Forward looking
statements are made by the Company in good faith, given management's
expectations or intentions however, they are subject to market conditions,
acquisitions, occupancy rates, capital requirements, sources of funds, expense
levels, operating performance and other matters. Therefore, forward looking
statements contain assumptions which are subject to various factors including:
unknown risks and uncertainties: general economic conditions; local market
factors; performance of other third parties; environmental concerns; and
interest rates, any of which may cause actual results to differ from the
Company's good faith beliefs, expectations or intentions which have been
expressed in or may be implied from this news release. Therefore, forward
looking statements are not guarantees of future performance and are subject to
known and unknown risks. Information and statements in this document, other
than historical information, should be considered forward-looking and reflect
management's current views of future events and financial performance that
involve a number of risks and uncertainties. Factors that could cause actual
results to differ materially include, but are not limited to, the following:
general economic conditions and developments within the real estate industry,
competition and the management of growth. The Toronto Stock Exchange has
neither approved nor disapproved of the information contained herein.
    %SEDAR: 00013330E




For further information:

For further information: Mr. Richard Homburg, Chairman and CEO, Homburg
Invest Inc., (902) 468-3395; J. Richard Stolle, President and COO, Homburg
Invest Inc., 31-20-573-3855

Organization Profile

Homburg Invest Inc.

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