/NOT FOR DISTRIBUTION IN THE UNITED STATES OR OVER UNITED STATES WIRE SERVICES/
TORONTO, June 27, 2012 /CNW/ - Gazit America Inc. ("Gazit America") (TSX: GAA) announced today that it has received the interim order (the "Interim Order") of the Ontario Superior Court of Justice (Commercial List) (the "Court") required in connection with the arrangement (the "Arrangement"), announced on June 21, 2012, under the Business Corporations Act (Ontario) involving Gazit America, Gazit-Globe Ltd. and First Capital Realty Inc.
Gazit America also announced today that the date for the annual and special meeting of shareholders of Gazit America (the "Meeting") to consider the special resolution approving the Arrangement, together with other annual meeting business, has now been set for August 2, 2012 at 2:00 p.m. at the Toronto Board of Trade, 1 First Canadian Place, Suite 350, Toronto, Ontario.
Following receipt of the Interim Order today, Gazit America expects to mail the Management Information Circular prepared in connection with the Meeting to shareholders of Gazit America on Friday, June 29, 2012 and, in accordance with applicable law, the record date for shareholders to receive notice of and to vote at the Meeting will be Thursday, June 28, 2012.
ABOUT GAZIT AMERICA (TSX: GAA)
Gazit America's goal is to acquire and develop best in class medical office, health care retail, and mixed use properties, operate them well and continually add value. The Company currently has interest in thirteen properties totalling approximately 930,000 square feet (representing the Company's proportionate interest) of rentable space located in Longueuil and Montreal, Quebec, Cambridge, London, Mississauga, Toronto, Kitchener and Ottawa, Ontario, and Edmonton and Calgary, Alberta. In addition, the Company owns approximately 12.4% of Equity One, Inc. (NYSE: EQY), a U.S. real estate investment trust.
FORWARD LOOKING STATEMENT ADVISORY
This press release contains forward-looking statements, and other statements concerning Gazit America's objectives and strategies and management's beliefs, plans, estimates and intentions, including with respect to the Arrangement becoming effective and the anticipated mailing date of Gazit America's Management Information Circular. The forward-looking statements are not historical facts but reflect Gazit America's current expectations regarding future results or events and are based on information currently available to management. Certain material factors and assumptions were applied in providing these forward-looking statements. All forward-looking statements in this press release are qualified by these cautionary statements.
Management believes that the expectations reflected in forward-looking statements are based upon reasonable assumptions; however, management can give no assurance that actual results will be consistent with these forward-looking statements. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations, including that the mailing date might be delayed, which would affect the record date for receipt of notice and entitlement to vote at the Meeting, that the Arrangement may not be approved by shareholders of Gazit America or by the Court or may not otherwise become effective, general economic conditions, and the matters discussed under "Risks and Uncertainties" in Gazit America's current Management's Discussion and Analysis and "Risk Factors" in Gazit America's current Annual Information Form.
Readers, therefore, should not place undue reliance on any such forward-looking statements. Further, a forward-looking statement speaks only as of the date on which such statement is made. Gazit America undertakes no obligation to publicly update any such statement or to reflect new information or the occurrence of future events or circumstances except as required by securities laws.
These forward-looking statements are made as of the date of this press release.
For further information:
Gail Mifsud, C.E.O.
Gazit America Inc.
109 Atlantic Avenue, Suite 303
Toronto, Ontario, Canada M6K 1X4
Tel: (416) 447-6400
Fax: (416) 447-6488