/NOT FOR DISSEMINATION IN THE UNITED STATES OR TO ANY NON-CANADIAN
TORONTO, June 1 /CNW/ - (TSX - RMM.UN) - Retrocom Mid-Market Real Estate
Investment Trust (the "REIT") announced today that conditions have been waived
by the Purchaser on the sale of Driftwood Mall, Courtenay, BC.
The scheduled closing date for this transaction is June 27, 2007.
Proceeds will be used to pay down debt, reinvest into the REIT's portfolio,
and possibly to buy back units as per the REIT's approved normal course issuer
Retrocom Mid-Market REIT is an Ontario unincorporated open-end real
estate investment trust that focuses on owning and acquiring mid-market
commercial properties in primary and secondary cities across Canada with the
objective of producing a geographically diversified portfolio of properties
with stable and growing cash flows.
This press release shall not constitute an offer to sell or the
solicitation of an offer to buy Units of the REIT, which may be made only by
means of a prospectus, nor shall there be any sale of the Units in any state,
province or other jurisdiction in which such offer, solicitation or sale would
be unlawful prior to registration or qualification under securities laws of
any such state, province or other jurisdiction. The Units of the REIT have not
been, and will not be registered under the U.S. Securities Act of 1933, as
amended, and may not be offered, sold or delivered in the United States absent
registration or an application for exemption from the registration
requirements of U.S. securities laws.
Certain statements contained in this news release may include
forward-looking information with respect to Retrocom Mid-Market Real Estate
Investment Trust's operations and future financial results. Such statements
are based on current expectations, are subject to a number of uncertainties
and risks, and actual results may differ materially from those contained in
such statements. These uncertainties and risks include, but are not limited
to, availability of resources, competitive pressures, changes in market
activity and regulatory requirements. Further information can be found in the
disclosure documents filed by Retrocom Mid-Market Real Estate Investment Trust
with the securities regulatory authorities, available at www.sedar.com.
For further information:
For further information: David Fiume, Chief Executive Officer, Retrocom
Mid-Market REIT, Tel: (416) 741-7999, Fax: (416) 741-7993