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

Retrocom Mid-Market Real Estate Investment Trust

July 07, 2005 17:13 ET

Retrocom Mid-Market REIT Announces Pricing And Amended Size And Closing For Public Offering

TORONTO, ONTARIO--(CCNMatthews - July 7, 2005) -

NOT FOR DISSEMINATION IN THE UNITED STATES OR TO ANY NON-CANADIAN SOURCE

Retrocom Mid-Market Real Estate Investment Trust (the "REIT")(TSX:RMM.UN) announced today that it has priced its previously announced equity offering at $8.25 per unit. The size of the proposed public offering of its Units has been amended to raise approximately $50.0 million with an Underwriters' option to increase the transaction size by up to $21.5 million within 48 hours of closing. The closing of the offering is now expected to occur on July 19, 2005 and remains subject to regulatory approvals and the satisfaction or waiver of certain other conditions. The REIT is currently in discussions to secure up to $21.5 million in additional funds from other sources in the event that the Underwriters do not fully exercise their option to increase the transaction size.

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. Further information can be found at http://www.retrocomreit.ca.

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 REIT
    Paul McKenna
    Investor Relations
    (416) 745-5775 x 351
    (416) 745-5766 (FAX)