EARLY WARNING NEWS RELEASE PURSUANT TO SECTION 102.1 OF THE SECURITIES ACT (ONTARIO) AND NATIONAL INSTRUMENT 62-103
TORONTO, May 7, 2013 /CNW/ - Further to disclosure requirements of
applicable securities laws, Mitchell Goldhar announces that he has,
since the last early warning report dated June 8, 2012, acquired,
directly or indirectly through controlled affiliates, beneficial
ownership of 2,780,230 special voting units ("Special Voting Units") of Retrocom Mid-Market Real Estate Investment Trust (the "REIT") pursuant to the terms of the Fourth Amended and Restated Declaration
of Trust of the REIT whereby Mr. Goldhar has minimum voting
entitlements in specified circumstances.
After giving effect to the acquisition of the foregoing Special Voting
Units, Mr. Goldhar, directly or indirectly, has beneficial ownership
of, or control over, 14,248,509 Special Voting Units representing
approximately 100% of the outstanding Special Voting Units, which,
together with Mr. Goldhar's beneficial ownership of, or control over
1,704,700 units, 9,110,269 limited partnership units of Retrocom
Limited Partnership and warrants to purchase 1,500,000 units, represent
an approximate 25% voting interest in the REIT (approximately 26.7%
assuming exercise of the Warrants) over which Mr. Goldhar has ownership
or control as of the date hereof.
The securities are being held by Mr. Goldhar for investment purposes.
Other than transactions with the REIT contemplated from time to time,
Mr. Goldhar has no present intention of acquiring any additional
Special Voting Units, units or securities convertible or exchangeable
into Special Voting Units, or units other than as described above.
However, Mr. Goldhar reserves the right, depending on the
circumstances, including market conditions, to make further purchases,
or disposals, of Special Voting Units, units or securities convertible
or exchangeable into units in the future.
This news release is being issued as required by National Instrument
62-103 - The Early Warning System and Related Take-Over Bid and Insider Reporting
SOURCE: Mitchell Goldhar
For further information:
Further information (including a copy of the early warning report to be filed on SEDAR) can be obtained at www.sedar.com under the REIT's company profile or by contacting Joseph Amato of SmartCentres at 905-760-6200.