/Not for dissemination in the United States or distribution through
United States news or wire service/
HALIFAX, Sept. 13, 2011 /CNW Telbec/ - Homburg Invest Inc. ("HII") (TSX:
HII.A & HII.B and NYSE Euronext Amsterdam: HII) announced today the
closing of its previously announced participation as a selling
unitholder in the bought deal financing of Homburg Canada Real Estate
Investment Trust (the "REIT"). HII completed the sale of 3,000,000
units of the REIT (the "Units") to a syndicate of underwriters led by
TD Securities Inc. at a price of $11.50 per Unit for gross proceeds to
HII of $34,500,000. The sale of the Units was made pursuant to the
terms of an underwriting agreement which contained customary terms and
conditions with the syndicate of underwriters. Concurrent with the sale
of the Units by HII, the REIT completed the issuance and sale of
3,325,000 Units at the same price per Unit for gross proceeds to the
REIT of $38,237,500.
Following closing of the offering and pursuant to the exercise of the
over-allotment option in full by the syndicate of underwriters, HII
currently holds a 16.1% interest in the REIT through the ownership of
8,813,866 Units. HII has no current intention to acquire ownership of,
or control over, additional securities of the REIT but may from time to
time acquire additional securities of the REIT or dispose of some of
the securities of the REIT that it holds.
This press release is not an offer of securities for sale in the United
States. The units being offered have not been and will not be
registered under the United States Securities Act of 1933 and
accordingly are not being offered for sale and may not be offered, sold
or delivered, directly or indirectly within the United States, its
possessions and other areas subject to its jurisdiction or to, or for
the account or for the benefit of a U.S. person, except pursuant to an
exemption from the registration requirements of that Act.
About Homburg Invest Inc.
Homburg Invest Inc. 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. Its head office is located in Halifax, Nova Scotia.
SOURCE HOMBURG INVEST INC.
For further information:
NATIONAL Public Relations