Huntingdon Capital Corp. Announces Expiration of Offer

RICHMOND, BC, April 11, 2013 /CNW/ - Huntingdon Capital Corp. ("Huntingdon") (TSX: HNT, HNT.DB and HNT.WT) announced today that its offer to acquire 100% of the issued and outstanding trust units (the "Units") of KEYreit (TSX: KRE.UN) has expired and will not be extended due to the minimum tender condition not being satisfied. As a result, Units that have been tendered to Huntingdon's offer will not be taken up and will be returned to depositing Unitholders.

Commenting on today's announcement, Huntingdon's President and Chief Executive Officer, Mr. Zachary George, stated "We are pleased with the outcome of this process, and that our efforts have helped create value for the respective owners of both Huntingdon and KEYreit.  We view Plazacorp as best-in-class operators who will be good stewards of the KEYreit portfolio. We wish them continued success as they work to close their proposed transaction."

About Huntingdon Capital Corp.

Huntingdon is a real estate operating company listed on the TSX (Common Shares: HNT; Debentures: HNT.DB; Warrants: HNT.WT). Huntingdon owns and manages a portfolio of 36 industrial, office, retail and aviation-related properties throughout Canada that have a total gross leasable area of 2.7 million square feet. In addition, Huntingdon owns an approximate 30% interest in FAM Real Estate Investment Trust (the "REIT") (TSX: F.UN, F.WT) and manages, on behalf of the REIT, a portfolio of 27 industrial, office, and retail properties throughout Canada that have a gross leasable area of 1.7 million square feet.

Cautionary Note Regarding Forward-Looking Statements

Certain information contained in this news release constitutes "forward-looking information" (or "forward-looking statements") within the meaning of applicable securities laws. All statements, other than statements of historical or present fact, constitute forward-looking information and typically include words and phrases about the future such as "may", "will", "anticipate", "estimate", "expect", "plan", "intend", "believe", "predict", "goal", "target", "project", "potential", "strategy" and "outlook" or the negative thereof or similar variations. Forward-looking information is necessarily based upon a number of assumptions that, while considered reasonable by Huntingdon, are inherently subject to significant business, economic and competitive uncertainties and contingencies. Huntingdon cautions the reader that such forward-looking information involves known and unknown risks, uncertainties and other factors, estimates and assumptions that may cause actual results and developments to differ materially from those expressed or implied by such forward-looking information. Some important factors, estimates and assumptions that could cause actual results to differ materially from expectations include, among other things, certain assumptions relating to general economic conditions, market factors, competition, changes in government regulation and changes in prevailing interest rates. While Huntingdon considers these factors, estimates and assumptions to be reasonable based on information currently available to them, they may prove to be inaccurate.

SOURCE: Huntingdon Capital Corp.

Zachary R. George, Director, President and Chief Executive Officer
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