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TSX-V: MOB.UN
TORONTO, Jan. 14, 2014 /CNW/ - NorthWest International
Healthcare Properties Real Estate Investment Trust (TSXV: MOB.UN)
(the "REIT") announced today the issuance of an additional 852,070
trust units (the "Over-Allotment Units") of the REIT for additional
gross proceeds to the REIT of $1,704,140. The issuance was pursuant to the
partial exercise of an over-allotment option (the "Over-Allotment
Option") granted to a syndicate of underwriters co-led by GMP
Securities L.P. and National Bank Financial Inc., acting as joint
bookrunners, and including Canaccord Genuity Corp., Dundee
Securities Ltd., Scotiabank, Desjardins Securities Inc. and
Manulife Securities Incorporated in connection with the REIT's
recent offering of trust units of the REIT (the "Offered Units" and
together with the Over-Allotment Units, the "Units"), which closed
on December 18, 2013 (the
"Offering").
The closing of the Over-Allotment Option
increases the total number of Units issued by the REIT in
connection with the Offering to 9,852,070, and increases the total
gross proceeds to the REIT to $19,704,140.
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. The REIT's
objectives are to: (i) provide its unitholders with stable and
growing cash distributions from investments focused on
international healthcare properties, on a tax efficient basis; (ii)
enhance the value of the REIT's assets and maximize long-term unit
value; and (iii) expand the asset base of the REIT.
Forward Looking Information
This news release contains "forward-looking
statements" within the meaning of applicable securities laws,
including statements regarding the Offering and the Over-Allotment
Option. These forward-looking statements are subject to a number of
risks and uncertainties that could cause actual results or events
to differ materially from current expectations. The statements in
this news release are made as of the date of this release. Although
the REIT believes that the assumptions inherent in the
forward-looking statements are reasonable, forward-looking
statements are not guarantees of future performance and,
accordingly, readers are cautioned not to place undue reliance on
such statements due to the inherent uncertainty therein. A
discussion of the risk factors applicable to the REIT is contained
under the heading "Risk Factors" in the short-form prospectus of
the REIT dated December 12, 2013, the
REIT's annual information form dated March
11, 2013 and audited consolidated financial statements and
management's discussion and analysis for the year ended
December 31, 2012, a copy of which
may be obtained on the SEDAR website at www.sedar.com.
These securities have not been and will not
be registered under the United States Securities Act of 1933, as
amended (the "U.S. Securities Act"), or any state securities laws
and may not be offered or sold in the
United States or to U.S. persons except in compliance with
the registration requirements of the U.S. Securities Act and
applicable state securities laws or pursuant to an exemption
therefrom. Accordingly, this news release does not constitute an
offer for sale of securities in the
United States.
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 REIT