TSX-V: MOB.UN
TORONTO, Sept. 2, 2014 /CNW/ - NorthWest International
Healthcare Properties REIT (the "REIT") announced today that it has
received notice from Firm Capital Corporation ("Firm Capital") in
respect of the early exercise of 3,000,000 non-transferrable
warrants of the REIT (the "Warrants"), issued in connection with an
acquisition facility relating to the previously announced Rede D'Or
Hospital Portfolio Acquisition, as defined and detailed in the
REIT's press release dated September
30, 2013.
The Warrants were exercised at a price of $2.15 for total cash proceeds to the REIT of
$6,450,000 which are expected to be
used for general trust and working capital purposes.
As a result of the exercise by Firm Capital of their Warrants,
there are no longer any warrants of the REIT outstanding.
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.
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