Homburg Invest Inc.
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Publicatie datum
17 mei 2010 - 23:24
Statutaire naam
Homburg Invest Inc.
Titel
HOMBURG INVEST ANNOUNCES FILING OF FINAL PROSPECTUS FOR INITIAL PUBLIC OFFERING OF HOMBURG CANADA REAL ESTATE INVESTMENT TRUST
Bericht
Halifax, Nova Scotia. May 17, 2010 – Richard Homburg, Chairman and Chief Executive Officer of Homburg Invest Inc. (“HII” or the “Company”) (TSX: HII.A & HII.B and NYSE Euronext Amsterdam: HII), announced today that Homburg Canada Real Estate Investment Trust (the “REIT”) has filed and obtained receipts for a final prospectus with the securities regulatory authorities of all provinces and territories in Canada in respect of its initial public offering of 16,000,000 units of the REIT (the “Units”). The Units will be issued at a price of $10.00 per Unit and will provide unitholders of the REIT with a cash-on-cash yield of 9.5% annually, to be paid through monthly distributions. Gross proceeds of the offering are expected to be $160,000,000.
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