Date Closed

August 2, 2013

Lead Office

Toronto

Value

23.10 Million CAD

On August 2, 2013, FAM Real Estate Investment Trust (the REIT) announced the closing of its previously announced public offering (the Offering) of 2,564,500 trust units (Units), inclusive of 334,500 Units issued pursuant to the full exercise of the over-allotment option, on a bought deal basis, at a price of C$9.00 per Unit for total gross proceeds of C$23 million. The Offering was conducted through a syndicate of underwriters led by TD Securities Inc., Canaccord Genuity Corp. and RBC Capital Markets and also including CIBC, National Bank Financial Inc., Scotiabank, Euro Pacific Canada Inc., Dundee Securities Ltd. and Desjardins Securities Inc.

Concurrent with the closing of the Offering, the REIT issued 425,532 Units on a private placement  basis (the Concurrent Private Placement) to Huntingdon Capital Corp. (Huntingdon), the manager of the REIT, at a purchase price of C$9.40 per Unit for gross proceeds of C$4 million. Following closing of the Offering and the Concurrent Private Placement, Huntingdon will hold an approximate 26% interest in the REIT assuming the exchange of all Class B limited partnership units of a subsidiary of the REIT held by Huntingdon.

The proceeds from the Offering and Concurrent Private Placement will be used to (i) partially fund the previously announced acquisition by the REIT of The Promontory, a 159,752 square foot Class A office complex on an 11.1 acre site in the Greater Toronto Area, municipally known as 2655 and 2695 North Sheridan Way, Mississauga, Ontario, and (ii) repay amounts drawn on the REIT's revolving credit facility used to finance the previously announced acquisition of a 168,444 square foot urban office building municipally known as 4211 Yonge Street, Toronto, Ontario.

FAM REIT, headquartered in Toronto, Ontario, is a diversified commercial real estate investment trust.

McCarthy Tétrault LLP represented the syndicate of underwriters, with a team led by Wendi Locke.