Crombie REIT announces completion of its public offering of $60 million of trust units & private placement of $40 million of Cl

Crombie REIT announces completion of its public offering of $60 million of 
trust units & private placement of $40 million of Class B LP Units 
STELLARTON, NS, May 30, 2014 /CNW/ - Crombie Real Estate Investment Trust 
("Crombie" or the "REIT") (TSX: CRR.UN) announced today that it closed the 
previously announced public offering, on a bought-deal basis, of 4,530,000 
trust units (the "Units") at a price of $13.25 per Unit for gross proceeds of 
$60,022,500.  The offering was made under Crombie's prospectus supplement 
dated May 23, 2014 supplementing the (final) base shelf prospectus dated May 
13, 2014. 
In addition to the issuance of Units to the public, ECL Developments Limited 
("ECL"), a wholly-owned subsidiary of Empire Company Limited (TSX: EMP.A), has 
purchased, on a private placement basis, 3,018,868 Class B LP Units of Crombie 
Limited Partnership ("Class B LP Unit") together with the attached Special 
Voting Units of Crombie at a price of $13.25 per Class B LP Unit, for gross 
proceeds of approximately $40 million.  Each Class B LP Unit is exchangeable 
for one Unit of Crombie at the option of the holder. Upon exchange of a Class 
B LP Unit, the associated Special Voting Unit is cancelled. After the closing 
of the public offering and the private placement, Empire Company Limited holds 
a 41.5% economic and voting interest in Crombie. 
The REIT intends to use the net proceeds from both the offering and the 
concurrent purchase by ECL to reduce outstanding borrowings under the REIT's 
revolving credit facility and for general trust purposes, including possible 
future acquisitions. 
The underwriting syndicate was co-led by CIBC, BMO Capital Markets, Scotiabank 
and TD Securities Inc., and also included National Bank Financial Inc., RBC 
Capital Markets, Canaccord Genuity Corp., Desjardins Securities Inc. and 
Raymond James Ltd. 
About Crombie 
Crombie Real Estate Investment Trust is an open-ended real estate investment 
trust established under, and governed by, the laws of the Province of Ontario. 
Crombie currently owns a portfolio of 250 commercial properties across Canada, 
comprising approximately 17.6 million square feet with a strategy to primarily 
own and operate a portfolio of high quality grocery and drug store anchored 
shopping centres and freestanding stores in Canada's top 36 markets. 
This news release contains forward looking statements that reflect the current 
expectations of management of Crombie about Crombie's future results, 
performance, achievements, prospects and opportunities. Wherever possible, 
words such as "continue", "may", "will", "estimate", "anticipate", "believe", 
"expect", "intend" and similar expressions have been used to identify these 
forward looking statements, and include statements regarding the expected use 
of proceeds of the offering and the ECL private placement. These statements 
reflect current beliefs and are based on information currently available to 
management of Crombie. Forward looking statements necessarily involve known 
and unknown risks and uncertainties. 
A number of factors, including those risks discussed in the 2013 annual 
Management Discussion and Analysis under "Risk Management", could cause actual 
results, performance, achievements, prospects or opportunities to differ 
materially from the results discussed or implied in the forward-looking 
statements. These factors should be considered carefully and a reader should 
not place undue reliance on the forward looking statements. There can be no 
assurance that the expectations of management of Crombie will prove to be 
More information about Crombie can be found on Crombie's web site at or on the SEDAR web site for Canadian regulatory filings 

please contact: 
Mr. Glenn Hynes, FCA Executive Vice President, Chief Financial Officer and 
Secretary Crombie REIT (902) 755-8100 
To view this news release in HTML formatting, please use the following URL: 
CO: Crombie REIT
ST: Nova Scotia
-0- May/30/2014 12:24 GMT
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