MONTREAL, June 19, 2013 /CNW/ - (TSXV: NEL.UN) Nobel Real Estate
Investment Trust (the "REIT") is pleased to announce today a cash
distribution of $0.0016423 per trust unit of the REIT ("Units") for the
period from May 30, 2013 to June 30, 2013. The distribution will be
payable on July 15, 2013 to unitholders of record as at June 28, 2013.
As previously reported, Capital Nobel Inc., a former capital pool
company listed on the TSX Venture Exchange, completed its qualifying
transaction on May 30, 2013, which involved its reorganization into the
REIT by way of a plan of arrangement under the Canada Business Corporations Act, the completion of the REIT's initial public offering of 22,400,000
Units for gross proceeds to the REIT of $5.6 million and the
acquisition of two commercial real estate properties located in Québec
for a total purchase price of $14.65 million.
Nomination of Louis Lemire as Chief Financial Officer
The REIT is also pleased to announce that, effective immediately, Mr.
Louis Lemire CPA, CA, has been nominated as the REIT's new Chief
Financial Officer. He replaces Mr. Yves Maurais who was acting as
Interim Chief Financial Officer of the REIT. Mr. Maurais will continue
to act as a trustee of the REIT.
Mr. Lemire has been a member of the Quebec Order of Chartered
Accountants since February 1993 (and a member of the Quebec Order of
Chartered Professional Accountants since May 2012). During his
accounting and financial services career, Mr. Lemire has covered
positions as a consultant, chief financial officer and other management
positions of various Canadian companies, including several Canadian
About Nobel Real Estate Investment Trust
The REIT is a recently created unincorporated open-ended real estate
investment trust governed by the laws of the Province of Québec. The
REIT has been created for the purpose of acquiring and owning income
producing properties. The REIT will focus on acquiring commercial
retail, mixed-used retail, industrial and suburban office properties in
the primary and secondary markets in the Province of Québec. The REIT
currently owns two commercial properties located in Québec, comprising
71,747 square feet of gross leasable area.
SOURCE: Nobel Real Estate Investment Trust
For further information:
please contact: Jean Teasdale, President, Chief Executive Officer and Secretary, at (450) 655-4338