HOMBURG INVEST INC. CLARIFIES DIVIDEND POLICY

HALIFAX, Sept. 28 /CNW/ - (TSX: HII.A & HII.B and Euronext:HII - Richard Homburg, Chairman and CEO of Homburg Invest Inc. ("HII" or "the Company") announces HII wishes to clarify its dividend policy and that it intends to market its 80% interest in 9 joint ventures in the United States with Cedar Shopping Centers.

On March 2, 2009 the Company announced the following dividend policy:

    
    a) Dividends when considered and if thought fit to approve and declare by
       the Board of Directors will be paid annually in July; and

    b) Dividends will be paid in cash.
    

The Company confirms that there will be no dividend for fiscal 2009 that would be paid in 2010, and the decision with respect to a dividend for fiscal 2010 will be announced in June 2011.

The Company also announces it has engaged TD Securities Inc. as the Company's exclusive agent to market its 80% interest in 8 joint ventures in Pennsylvania, and 1 in Massachusetts. The properties are all grocery anchored retail centers.

Homburg Invest Inc. owns and develops a diversified portfolio of quality commercial real estate including office, retail, industrial and development properties throughout Europe and the United States, as well as 41.3% of the units of Homburg Canada Real Estate Investment Trust. The head office of the Company is located in Halifax, Nova Scotia.

This news release may contain statements which by their nature are forward looking and express the Company's beliefs, expectations or intentions regarding future performance, future events or trends. Forward looking statements are made by the Company in good faith, given management's expectations or intentions however, they are subject to market conditions, acquisitions, occupancy rates, capital requirements, sources of funds, expense levels, operating performance and other matters. Therefore, forward looking statements contain assumptions which are subject to various factors including: unknown risks and uncertainties: general economic conditions; local market factors; performance of other third parties; environmental concerns; and interest rates, any of which may cause actual results to differ from the Company's good faith beliefs, expectations or intentions which have been expressed in or may be implied from this news release. Therefore, forward looking statements are not guarantees of future performance and are subject to known and unknown risks. Information and statements in this document, other than historical information, should be considered forward-looking and reflect management's current views of future events and financial performance that involve a number of risks and uncertainties. Factors that could cause actual results to differ materially include, but are not limited to, the following: general economic conditions and developments within the real estate industry, competition and the management of growth. The Toronto Stock Exchange has neither approved nor disapproved of the information contained herein.

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For further information: Mr. Richard Homburg, Chairman and CEO, Homburg Invest Inc., 902-468-3395; J. Richard Stolle, President and COO, Homburg Invest Inc., 31-20-573-3855