/NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE
QUÉBEC CITY, Dec. 20, 2012 /CNW Telbec/ - Cominar Real Estate Investment
Trust ("Cominar") (TSX: CUF.UN) announces today that, due to time constraints involving
the restructuring of his business, Mr. Dino Fuoco will not join
Cominar's executive management team upon Mr. Michel Berthelot's
retirement, originally scheduled for May 2013.
Cominar also announces that it has begun a nomination process to find a
successor for Mr. Berthelot and that Mr. Berthelot has agreed to remain
in office as long as necessary beyond May 2013.
PROFILE as at December 20, 2012
Cominar is the second largest diversified real estate investment trust
in Canada and currently remains the largest commercial property owner
in the Province of Québec. Cominar owns a real estate portfolio of 482
high-quality properties, consisting of 122 office, 158 retail and 202
industrial and mixed-use buildings that cover a total area of 35
million square feet in Québec, Ontario, the Atlantic Provinces and
Western Canada. Cominar's objectives are to pay growing cash
distributions to unitholders and to maximize unitholder value by way of
proactive management and the expansion of its portfolio.
This press release may contain forward-looking statements with respect
to Cominar and its operations. These statements generally can be
identified by the use of forward-looking words such as "may", "will",
"expect", "estimate", "anticipate", "intend", "believe" or "continue"
or the negative thereof or similar variations. The performance of
Cominar discussed herein could differ materially from those expressed
or implied by such statements. Such statements are qualified in their
entirety by the inherent risks and uncertainties surrounding future
expectations. Some important factors that could cause actual results to
differ materially from expectations include, among other things,
general economic and market factors, competition, changes in government
regulation and the factors described under "Risk Factors" in the Annual
Information Form of Cominar. The cautionary statements qualify all
forward-looking statements attributable to Cominar and persons acting
on its behalf. Unless otherwise stated, all forward-looking statements
speak only as of the date of this press release.
SOURCE: Cominar Real Estate Investment Trust
For further information:
Mr. Michel Dallaire, P.Eng.
President and Chief Executive Officer, Cominar Real Estate Investment Trust