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TSX-V: MOB.UN
TORONTO, Oct. 4, 2013 /CNW/ - NorthWest International
Healthcare Properties Real Estate Investment Trust (TSXV: MOB.UN)
(the "REIT") announced today that it has released its Q2-2013
investor update presentation and will be hosting an investor update
call on Wednesday October 9, 2013 at
11:00AM ET to discuss recent
developments. In addition, the REIT announced today that the TSX
Venture Exchange (the "TSXV") has accepted the notice filed by the
REIT of its intention to make a normal course issuer bid through
the facilities of the TSXV.
Q2-2013 Investor Update:
Further to the release of the REIT's second
quarter results on August 30, 2013
and its recently announced $205
million acquisition of a portfolio of three private
hospitals from Rede D'Or Sao Luiz S.A. (the "Rede D'Or Hospital
Portfolio Acquisition"), the REIT has released an Q2-2013
investor update presentation which is available on its website at
www.nwireit.com.
A conference call and live audio webcast hosted
by Paul Dalla Lana, Chairman and
Chief Executive Officer, and Brian
Wilson, Interim Chief Financial Officer, will be held on
Wednesday, October 9, 2013 at
11:00 AM ET.
The conference call can be accessed by dialing
416-640-3404 or 1-866-322-1159. The conference ID is 6639137.
Audio replay is available until Friday October 25, 2013 by dialing (647)
436-0148. The passcode is 6639137.
Normal Course Issuer Bid:
Pursuant to the notice accepted by the TSXV in
respect of the REIT's intention to make a normal course issuer bid
through the facilities of the TSXV, the REIT may, during the REIT
may, during the twelve month period commencing October 10, 2013 and ending October 10, 2014, purchase for cancellation,
through the facilities of the TSXV, up to (a) 2,276,159 trust units
of the REIT (the "Units"), representing 5% of the issued and
outstanding Units, (b) $1,130,000
principal amount of the 6.50% convertible unsecured subordinated
debentures of the REIT, representing 5% of the outstanding
principal amount of such debentures, and (c) $875,000 principal
amount of the 7.50% convertible unsecured subordinated debentures
of the REIT, representing 5% of the outstanding principal amount of
such debentures. The member who will conduct the normal course
issuer bid on behalf of the REIT is GMP Securities LP.
The trustees of the REIT believe that the
current market prices of the REIT's securities do not reflect their
underlying value and accordingly have determined that the purchase
by the REIT of a portion of its outstanding securities may from
time to time be an appropriate use of available resources and in
the best interests of the REIT. The REIT has not previously
acquired any of its securities under a normal course issuer
bid.
From time to time, when the REIT does not
possess material non-public information about itself or its
securities, it may, in accordance with the requirements of
applicable securities laws and the TSXV, enter into a pre-defined
plan with its broker to allow for the purchase of securities at
times when it ordinarily would not be active in the market due to
internal trading blackout periods. Any such plan would be subject
to the approval of the TSXV.
About NorthWest International Healthcare
Properties Real Estate Investment Trust
The REIT is an unincorporated, open-ended real
estate investment trust established under the laws of the Province
of Ontario. Including its
investments in Vital Healthcare Property Trust (NSX:VHP) ("Vital
Trust") and NorthWest Healthcare Properties Real Estate Investment
Trust (TSX:NWH.UN) ("NWHP REIT"), the REIT holds interests in a
portfolio of 109 income producing properties comprising
approximately 6.6 million square feet of gross leasable area in
Australasia, Brazil, Canada and Germany, with a focus on medical office
buildings, hospitals and healthcare real estate.
Forward Looking Information
Certain statements contained in this press
release may contain projections and "forward looking statements"
within the meaning of that phrase under Canadian securities
laws. When used in this new release, the words "may",
"would", "should", "could", "will", "intend", "plan", "anticipate",
"believe", "estimate", "expect" and similar expressions may be used
to identify forward looking statements. Those statements
reflect the REIT's current views with respect to future events or
conditions, including without limitation the REIT's views on the
value of its securities and the REIT's intention to effect purchase
under the normal course issuer bid. By their nature, forward
looking statements reflect management's current views, beliefs and
assumptions and are subject to certain risks and uncertainties,
known and unknown, including, without limitation, risks disclosed
in the short-form prospectus of the REIT dated August 23, 2013, the REIT's annual information
form for the year ended December 31,
2012 and the REIT's other public filings. Many factors
could cause actual results, performance or achievements to be
materially different from any future results, performance or
achievements that may be expressed or implied by these forward
looking statements. The REIT does not intend to nor assume
any obligation to update these forward looking statements whether
as a result of new information, plans, events or otherwise, unless
required by law.
The information concerning Vital Trust and NWHP
REIT contained in this press release has been taken from, or is
based upon, publicly available documents and records on file with
regulatory bodies. Although the REIT has no knowledge that
would indicate that any of such information is untrue or
incomplete, the REIT was not involved in the preparation of any
such publicly available documents and neither the REIT, nor
any of its officers or trustees, assumes any responsibility
for the accuracy or completeness of such information or the failure
by Vital Trust and NWHP REIT to disclose events which may have
occurred or may affect the completeness or accuracy of such
information but which are unknown to the REIT.
Neither the TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in policies
of the TSX Venture Exchange) accepts responsibility for the
adequacy or accuracy of this release.
SOURCE NorthWest International Healthcare Properties Real Estate
Investment Trust