Pursuant to the terms of the Trust Indenture, the Debentures will be redeemed at a redemption price of
Payment of the Redemption Price will be made against surrender of the Debentures to the Indenture Trustee,
The Debentures shall not be considered to be outstanding and interest will cease to accrue on the Debentures on the Redemption Date and the REIT will be released from all of its obligations under the Debentures upon deposit of the full Redemption Price with the Indenture Trustee.
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Cominar is one of the largest diversified real estate investment trusts in
Forward-Looking Statements
This press release may contain forward-looking statements with respect to Cominar and its operations, strategy, financial performance and financial condition. These statements generally can be identified by the use of forward-looking words such as "may", "will", "expect", "estimate", "anticipate", "intend", "believe" or "continue" or the negative thereof or similar variations. The actual results and performance of Cominar discussed herein could differ materially from those expressed or implied by such statements. Such statements are qualified in their entirety by the inherent risks and uncertainties surrounding future expectations. Some important factors that could cause actual results to differ materially from expectations include, among other things, general economic and market factors, competition, changes in government regulation and the factors described under "Risk Factors" in the Annual Information Form of Cominar. The cautionary statements qualify all forward-looking statements attributable to Cominar and persons acting on its behalf. Unless otherwise stated, all forward-looking statements speak only as of the date of this press release.
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