Date Closed

May 25, 2010

Lead Office

Montréal

Value

160.00 Million CAD

On May 25, 2010, Richard Homburg, Chairman and Chief Executive Officer of Homburg Invest  announced that the Homburg Canada Real Estate Investment Trust has closed its initial public offering of 16,000,000 units of the REIT. The Units were priced at C$10.00 per Unit, for total gross proceeds of C$160 million.

The offering was underwritten by a syndicate of underwriters led by TD Securities Inc. which included National Bank Financial Inc., Desjardins Securities Inc., CIBC World Markets Inc., Scotia Capital Inc., Canaccord Genuity Corp., HSBC Securities (Canada) Inc., Dundee Securities Corporation and Beacon Securities Ltd.

Homburg Canada REIT, headquartered in Halifax, Nova Scotia, is an unincorporated open-ended real estate investment trust.

McCarthy Tétrault LLP represented the underwriters, with a team led by Clemens Mayr.