News releases: archive

 

Shares issued:  Class A - 168,222,323    Class B - 31,510,782

 

Halifax, Nova Scotia, December 11, 2008 (TSX: HII.A & HII.B and NYSE Euronext:HII (the "Shares") -  Richard Homburg, Chairman and CEO of Homburg Invest Inc. ("Homburg Invest") is pleased to announce that Homburg Invest is developing a new equity type product to be called a Homburg Capital Security.  Subject to corporate and regulatory requirements and approvals, Homburg Invest intends on filing a prospectus with regulators in The Netherlands and Canada for approval to issue the Homburg Capital Security.

 

The Homburg Capital Security will result in equity accounting treatment for a significant portion of the raised proceeds, and the payment of interest will be a reduction of equity for accounting purposes

 

Homburg Invest, with its head office in Halifax, Nova Scotia, owns and develops a diversified portfolio of quality real estate including office, retail, industrial and residential apartment and townhouse properties throughout Canada, the United States and Europe.

 

 

 

Mr. Richard Homburg,

Chairman and CEO

Homburg Invest Inc.

902-468-3395

 

or

 

J. Richard Stolle

President and COO

Homburg Invest Inc.

31-20-573-3855

 

This news release may contain statements which by their nature are forward looking and express the Company's beliefs, expectations or intentions regarding future performance, future events or trends. Forward looking statements are made by the Company in good faith, given management's expectations or intentions however, they are subject to market conditions, acquisitions, occupancy rates, capital requirements, sources of funds, expense levels, operating performance and other matters. Therefore, forward looking statements contain assumptions which are subject to various factors including: unknown risks and uncertainties: general economic conditions; local market factors; performance of other third parties; environmental concerns; and interest rates, any of which may cause actual results to differ from the Company's good faith beliefs, expectations or intentions which have been expressed in or may be implied from this news release. Therefore, forward looking statements are not guarantees of future performance and are subject to known and unknown risks. Information and statements in this document, other than historical information, should be considered forward-looking and reflect management's current views of future events and financial performance that involve a number of risks and uncertainties. Factors that could cause actual results to differ materially include, but are not limited to, the following: general economic conditions and developments within the real estate industry, competition and the management of growth. The Toronto Stock Exchange has neither approved nor disapproved of the information contained herein.