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 public companies.
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