QUÉBEC CITY, Jan. 12, 2012 /CNW Telbec/ - Cominar Real Estate Investment
Trust (TSX: CUF.UN) ("Cominar") provided an update today regarding its December 2, 2011 offer (the "Offer"), by its wholly-owned subsidiaries (collectively, the "Cominar Acquisition Group"), to acquire all of the issued and outstanding trust units (the "Canmarc Units") of Canmarc Real Estate Investment Trust (TSX: CMQ.UN) ("Canmarc).
Cominar and the Cominar Acquisition Group delivered today a notice of
extension to the depositary of the Offer. The Offer is now open for
acceptance until 3:00 p.m. (Toronto time) on January 27, 2012 to
accommodate a hearing before the Bureau de décision et de révision en valeurs mobilières on January 19, 2012 at which Cominar will seek to have the unitholder
rights plans of Canmarc cease traded. The unitholder rights plans of
Canmarc are preventing Canmarc unitholders (the "Canmarc Unitholders") from accessing the Offer.
Tendering Canmarc Units to the Offer
Tendering to the Offer is straightforward and Canmarc Unitholders should
act now. Instructions on how to tender Canmarc Units are included in
the offering circular which was previously sent to Canmarc Unitholders
and is available on SEDAR.
Canmarc Unitholders with questions about the Offer or how to tender
their Canmarc Units should contact Kingsdale Shareholder Services Inc.
("Kingsdale"), as information agent under the Offer. Kingsdale may be contacted
toll-free in North America at 1-877-657-5857, or collect from outside
North America at 416-867-2272, or by email at firstname.lastname@example.org.
PROFILE as at January 12, 2012
Cominar is the largest commercial property owner in the Province of
Québec. Cominar owns a real estate portfolio of 269 high-quality
properties, consisting of 53 office, 55 retail and 161 industrial and
mixed-use buildings that cover a total area of 21.0 million square feet
in the Greater Québec City, Montréal and Ottawa-Gatineau areas, as well
as in the Atlantic Provinces. Cominar's objectives are to deliver
growing cash distributions payable monthly to its unitholders and to
maximize unitholder value by way of integrated management and the
expansion of its portfolio.
This press release may contain forward-looking statements with respect
to Cominar and its operations, strategy, financial performance and
financial condition. 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 actual results and
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, increased
indebtedness associated to the Offer, 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
SOURCE COMINAR REAL ESTATE INVESTMENT TRUST
For further information:
Mr. Michel Dallaire, P.Eng.
President and Chief Executive Officer
Cominar Real Estate Investment Trust
Mr. Michel Berthelot
Executive Vice President and Chief Financial Officer
Cominar Real Estate Investment Trust
(418) 681-6300 ext. 2266