Homburg Invest announces extension of CCAA protection and new subsidiaries of the Company now also under the protection of the CCAA

/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/

MONTREAL, Dec. 18, 2012 /CNW Telbec/ - Homburg Invest Inc. (NYSE Euronext Amsterdam: HII) ("Homburg Invest" or the "Company") announces that it obtained an order from the Superior Court under the Canadian Companies' Creditors Arrangement Act ("CCAA") further extending the CCAA protection granted to Homburg Invest and certain of its affiliates on September 9, 2011, as amended, until February 8, 2013. In addition, certain direct or indirect subsidiaries of the Company are now also under the protection of the CCAA, namely Homco Realty Fund (190) Limited Partnership and Homco Realty Fund (191) Limited Partnership.

The order will give Homburg Invest additional time to further develop a restructuring plan for the benefit of all stakeholders, including its creditors and bondholders. The CCAA process is carried out under the supervision of the Superior Court, which appointed Samson Bélair / Deloitte & Touche Inc. as independent monitor to oversee proceedings (the "Monitor"). The Monitor provides oversight of Homburg Invest's business and assists the Company in preparing its restructuring plan.

All Courts applications and orders as well as a copy of the Monitor's reports are posted by the Monitor on its website at the following address: http://www.deloitte.com/ca/homburg-invest. The Monitor's contact information is also available on its website.

Additional information about the CCAA process can be found at the website www.homburginvest.com. There is also a toll-free information line that Dutch bondholders may call to receive additional information about the CCAA process. The toll-free number for this information line is: 0800 023 0323.

About Homburg Invest
Homburg Invest Inc. owns a diversified portfolio of commercial real estate including office, retail, industrial and development properties throughout Canada, Europe and the United States.

SOURCE: HOMBURG INVEST

Media: 

Canada
Caroline Martel
NATIONAL Public Relations
Tel. [phone]
[email protected] 

Netherlands
Heleen Jansen
Cohn & Wolfe
Tel. [phone]
[email protected]