Retrocom Mid-Market Real Estate Investment Trust
TSX : RMM.UN
TSX : RMM.DB

Retrocom Mid-Market Real Estate Investment Trust

June 29, 2011 08:00 ET

Retrocom Mid-Market Real Estate Investment Trust to Redeem 7.50% Convertible Unsecured Subordinated Debentures Due July 31, 2012

TORONTO, ONTARIO--(Marketwire - June 29, 2011) -

NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES

Retrocom Mid-Market Real Estate Investment Trust (TSX:RMM.UN)(TSX:RMM.DB) (the "REIT") announced today that it will redeem on August 2, 2011 (the "Redemption Date") all of its 7.50% convertible unsecured subordinated debentures due July 31, 2012 (the "7.50% Debentures") in accordance with their terms.

The redemption price will be paid in cash and will include $1,000 for each $1,000 principal amount of the 7.50% Debentures outstanding on the Redemption Date plus accrued and unpaid interest, to but excluding the Redemption Date, of $0.41 per $1,000 principal amount of the 7.50% Debentures. Interest on the 7.50% Debentures will cease to accrue and be payable from and after the Redemption Date.

The REIT expects that the TSX will delist the 7.50% Debentures on or about the Redemption Date.

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 community-based commercial properties in primary and secondary markets across Canada with the objective of producing a geographically diversified portfolio of properties with stable and growing cash flows.

Contact Information

  • Retrocom Mid-Market REIT
    Richard Michaeloff
    Chief Executive Officer
    (416) 741-7999 ext. 5227
    (416) 741-7993 (FAX)
    rmichaeloff@rmmreit.com