WINNIPEG, April 5 /CNW/ - Huntingdon Real Estate Investment Trust
("HREIT") (TSX: HNT.UN) announced today that it has issued and sold an
additional 6,300 5 Year 7.50% Series C Convertible Redeemable Unsecured
Subordinated Debentures (the "Debentures") in the aggregate principal amount
of $6,300,000 pursuant to the exercise of the over-allotment option granted by
HREIT to the syndicate of agents led by Blackmont Capital Inc., and including
Dundee Securities Corporation, National Bank Financial Inc., Desjardins
Securities Inc., HSBC Securities (Canada) Inc., Raymond James Ltd., Wellington
West Capital Inc. and Westwind Partners Inc. under the agency agreement dated
March 19, 2007.
HREIT intends to use the net proceeds of the sale of the Debentures to
fund future acquisitions of income producing properties, working capital and
HREIT is a real estate investment trust, which is listed on the Toronto
Stock Exchange under the symbol HNT.UN. The objective of HREIT is to provide
Unitholders with stable and growing cash distributions from investments in a
geographically diversified Canadian portfolio of quality commercial and
industrial real estate properties. For further information on HREIT, please
visit our website at www.hreit.ca.
This news release does not constitute an offer to sell or a solicitation
of an offer to buy any of the securities in the United States. The securities
have not been and will not be registered under the United States Securities
Act of 1933, as amended (the "U.S. Securities Act") or any state securities
laws and may not be offered or sold within the United States or to U.S.
Persons unless registered under the U.S. Securities Act and applicable state
securities laws or an exemption from such registration is available.
The TSX has not reviewed or approved the contents of this press release
and does not accept responsibility for the adequacy or accuracy of this
For further information:
For further information: Arni Thorsteinson, Chief Executive Officer, or
Gino Romagnoli, Investor Relations, Tel: (204) 475-9090, Fax: (204) 452-5505,