NorthWest International Healthcare Properties REIT Announces Closing of Over-Allotment Option /NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES./ TORONTO, April 3, 2013 /CNW/ - NorthWest International Healthcare Properties Real Estate Investment Trust (TSXV: MOB.UN) (the "REIT") announced today the issuance of an additional $2,600,000 aggregate principal amount of 6.50% convertible unsecured subordinated debentures of the REIT. The issuance was pursuant to the exercise of an over-allotment option granted to a syndicate of underwriters led by National Bank Financial Inc. and GMP Securities L.P. and including Canaccord Genuity Corp., Scotiabank, Dundee Securities Ltd., Macquarie Capital Markets Canada Ltd., All Group Financial Services Inc. and Desjardins Securities Inc. in connection with the REIT's recent offering of 6.50% convertible unsecured subordinated debentures, on a bought deal basis (the "Offering"), which closed on March 25, 2013. The exercise of the over-allotment option increases the total gross proceeds of the Offering to $22,600,000. The net proceeds of the over-allotment option are expected to be used to fund future acquisitions and for general trust purposes. 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 investment in Vital Healthcare Property Trust (NSX:VHP), the REIT holds interests in a portfolio of 32 income producing properties, with a focus on internationally-located medical office buildings and healthcare real estate, comprising approximately 2.0 million square feet of gross leasable area in Australia / New Zealand, Brazil and Germany. Forward Looking Information Certain statements contained in this news 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. 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 March 18, 2013, the REIT's annual information form dated March 11, 2013 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. 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. Paul Dalla Lana CEO, NorthWest International Healthcare Properties REIT (416) 366-8300 ext. 1001 SOURCE: NorthWest International Healthcare Properties REIT To view this news release in HTML formatting, please use the following URL: http://www.newswire.ca/en/releases/archive/April2013/03/c2185.html CO: NorthWest International Healthcare Properties REIT ST: Ontario NI: REL HEA NEWSTK -0- Apr/03/2013 12:21 GMT
NorthWest International Healthcare Properties REIT Announces Closing of Over-Allotment Option
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