Cominar Real Estate Investment Trust (Cominar) announced that it priced a re-opening of its 4.941% Series 4 senior unsecured debentures due July 27, 2020 in the amount of $100 million. The Debentures are being offered at a price of $1,010.77 per $1,000 principal amount of Debentures, plus accrued and unpaid interest for the period from and including July 25, 2013 to, but excluding, the date of the closing of this offering. The effective yield of the Debentures (if held to maturity) will be 4.747% per annum.

The offering of the Debentures is expected to close on or about January 16, 2014. Cominar intends to use the net proceeds of the offering of approximately $100.5 million (after deducting the estimated expenses of the offering and the agents' fee), to repay amounts outstanding under its credit facility, to fund a portion of future acquisitions and for general trust purposes.