Huntingdon REIT Announces Repayment of 8% Convertible Debentures

RICHMOND, BC, March 22 /CNW/ - Huntingdon Real Estate Investment Trust ("HREIT") (TSX: HNT.UN) today announced that it has repaid the outstanding balance of the 8% Series A convertible debentures in the amount of $5,250,000 from cash resources available. The Series A convertible debentures were issued in the amount of $6,000,000 on March 22, 2005 with interest at 8%, a March 22, 2010 maturity date, and were convertible into units at the request of the holder at any time after March 22, 2007 at a conversion price per unit of $22.95 (post unit consolidation). $750,000 of the debentures were converted on January 11, 2008.

HREIT is a real estate investment trust which is listed on the Toronto Stock Exchange under the symbols HNT.UN (Trust Units) and HNT.DB.C (Series C Convertible Debentures). HREIT owns, directly or indirectly, 82 income producing office, industrial, retail and standalone parking lot properties, including the aviation-related facilities on ground leased land at five of Canada's leading international airports that have a total gross leaseable area of 5.5 million square feet; two land parcels held for development and one property held for sale, with other development and expansion opportunities within the portfolio.

    The Toronto Stock Exchange has not reviewed or approved the contents of
    this press release and does not accept responsibility for the adequacy or
    accuracy of this press release.


For further information: For further information: Zachary R. George, Trustee, President and Chief Executive Officer, Tel: (604) 249-5119, Fax: (604) 249-5101, Email:

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