RICHMOND, BC, May 12 /CNW/ - Huntingdon Real Estate Investment Trust (the "Trust" or "HREIT") (TSX: HNT.UN) announced today that its first quarter interim financial statements, CEO and CFO certifications and related management's discussion and analysis for the three months ended March 31, 2010 (collectively, the "Required Filings") will not be filed by the required filing deadline of May 17, 2010. It is anticipated that the Required Filings will be filed as soon as practicably possible and on or prior to May 28, 2010.
The Required Filings will not be filed before the required filing deadline due to administrative delays resulting from: (i) the integration of HREIT and IAT Air Cargo Facilities Income Fund ("IAT"), and (ii) the recent changes in management of HREIT, in connection with the completion of the combination (the "Combination") involving HREIT and IAT, as described in the joint information circular of HREIT and IAT dated November 5, 2009.
HREIT is not subject to any insolvency proceeding and there is no other material information concerning the affairs of HREIT that has not been generally disclosed.
HREIT is a real estate investment trust which is listed on the Toronto Stock Exchange under the symbols HNT.UN (Trust Units) and HNT.DB.C (Series C Convertible Debentures). HREIT owns, directly or indirectly, 82 income producing office, industrial, retail and standalone parking lot properties, including the aviation-related facilities at five of Canada's leading international airports that have a total gross leasable area of 5.5 million square feet; and two land parcels held for development, with other development and expansion opportunities within the portfolio.
Certain statements contained in this news release may constitute forward-looking statements. Forward-looking statements are often, but not always, identified by the use of words such as "anticipate", "plan", "expect", "may", "will", "intend", "should", and similar expressions. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements. Forward-looking statements in this press release include, but are not limited to, HREIT's expectation with respect to applying to the applicable securities regulatory authorities for a management cease trade order, the expected time for filing of the Required Documents and the imposition of a cease trade order by applicable securities regulatory authorities. Forward-looking statements may also include, without limitation, any statement relating to future events, conditions or circumstances. The forward-looking statements are subject to risks, uncertainties and other factors that could cause actual results or events to differ materially from current expectations including, but not limited to, the risks detailed from time to time in HREIT's filings with Canadian provincial securities regulators. HREIT cautions you not to place undue reliance upon any such forward-looking statements, which speak only as of the date they are made. Forward-looking statements are based on management's current plans, estimates, projections, beliefs and opinions, and HREIT does not undertake any obligation to update forward-looking statements should assumptions related to these plans, estimates, projections, beliefs and opinions change, except as required by applicable law.
The Toronto Stock Exchange has not reviewed or approved the contents of this press release and does not accept responsibility for the adequacy or accuracy of this press release.
SOURCE HUNTINGDON REAL ESTATE INVESTMENT TRUST
For further information: For further information: Zachary R. George, Trustee, President and Chief Executive Officer, Tel: (604) 249-5119, Fax: (604) 249-5101, Email: email@example.com