Shares issued: Class A - 168,222,323 Class B - 31,510,782
Halifax, Nova Scotia, December 16, 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
the shares of Homburg Invest including the Class A Subordinate Voting
Shares (the "Class A") and the Class B Multiple Voting Shares (the
"Class B") will begin trading today on the TSX on a post-consolidated
basis. Homburg Invest further expects that the Class A shares of
Homburg Invest will begin trading on the NYSE Euronext on a
post-consolidated basis by the end of this week.
The Class A and Class B post-consolidated shares will trade in Canada
under different CUSIP/ISIN numbers than pre-consolidated Class A
shares trading on the NYSE Euronext which will continue to use the
old CUSIP/ISIN numbers until the NYSE Euronext completes its
administrative changes to its trading platform. Until NYSE Euronext
completes its database changes, Canada will trade on a
post-consolidated basis and Europe will trade on a pre-consolidated
basis.
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.
For further information, please contact:
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
-30-
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.
This announcement was originally distributed by Hugin. The issuer is
solely responsible for the content of this announcement.
http://hugin.info/138798/R/1277920/284973.pdf
Copyright © Hugin AS 2008. All rights reserved.
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