Retrocom Mid-Market Real Estate Investment Trust

Retrocom Mid-Market Real Estate Investment Trust

June 16, 2010 18:24 ET

CORRECTION FROM SOURCE: Retrocom Mid-Market REIT Announces June 2010 Monthly Distribution and the Appointment of New Chief Financial Officer

TORONTO, ONTARIO--(Marketwire - June 16, 2010) -


A correction from source is being issued with respect to the release that was disseminated on June 15, 2010 at 4:00 PM ET. The previous version noted that the cash distribution was for the month of May. This is incorrect. The correct month should read June. The complete and corrected release follows.

Retrocom Mid-Market Real Estate Investment Trust (the "REIT") (TSX:RMM.UN) announced today that the cash distribution for the month of June 2010 will be $0.0375 per unit, or $0.45 per unit on an annual basis and will be payable on July 15, 2010 to Unitholders of record as of June 30, 2010.

Distributions paid to Unitholders who are non-residents of Canada will be subject to Canadian withholding tax.

The REIT also announced today that Teresa Neto will be joining the REIT as Chief Financial Officer on June 25, 2010. Ms. Neto is currently Vice President Financial Reporting for The Real Property Association of Canada ("REALpac"), Canada's senior national industry association for owners and managers of investment real estate. Ms. Neto has been with REALpac since January 2006 after nine years in the telecommunications industry, prior to that Ms. Neto worked in the consumer packaged goods and newspaper industries. "We look forward to Teresa joining our senior management team," said David Fiume, Chief Executive Officer of the REIT.

About Retrocom Mid-Market REIT

Retrocom Mid-Market REIT is an Ontario unincorporated open-end real estate investment trust which focuses on owning and acquiring mid-market commercial properties in primary and secondary cities across Canada with the objective of producing a geographically diversified portfolio of properties with stable and growing cash flows.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy, which may be made only by means of a prospectus, nor shall there be any sale of the Units in any state, province or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under securities laws of any such state, province or other jurisdiction. The Units of the Retrocom Mid-Market REIT have not been, and will not be registered under the U.S. Securities Act of 1933, as amended, and may not be offered, sold or delivered in the United States absent registration or an application for exemption from the registration requirements of U.S. securities laws.

Contact Information

  • Retrocom Mid-Market Real Estate Investment Trust
    David Fiume
    Chief Executive Officer
    (416) 741-7999 x227
    (416) 741-7993 (FAX)