Huntingdon Capital Corp. announces its annual general meeting will be delayed to accommodate strategic review process
RICHMOND, BC, April 28, 2014 /CNW/ - Huntingdon Capital Corp. ("Huntingdon" or the "Company") (TSX:HNT, TSX:HNT.DB andTSX:HNT.WT) announced today that the Toronto Stock Exchange has extended the deadline for Huntingdon to hold its annual general meeting from June 30, 2014 to September 30, 2014. Management applied for the extension because the outcome of Huntingdon's previously announced strategic review process could require a shareholder vote at a special meeting of shareholders. By delaying the annual general meeting and, if a shareholder vote is required as a result of the strategic review process, holding a combined annual general and special meeting of shareholders, Huntingdon will avoid the duplicative costs that would be associated with holding two separate meetings.
Huntingdon anticipates holding an annual general meeting or, if a shareholder vote is required as a result of the strategic review process, an annual general and special meeting on or before September 5, 2014.
About Huntingdon Capital Corp.:
Huntingdon is a real estate operating company listed on the TSX (Common Shares: HNT; Debentures: HNT.DB; Warrants: HNT.WT). Huntingdon owns and manages a portfolio of 35 industrial, office, retail and aviation-related properties throughout Canada that have a total gross leasable area of 2.7 million square feet. In addition, Huntingdon owns an approximate 30% interest in FAM Real Estate Investment Trust (the "REIT") (TSX: F.UN, F.WT) and manages, on behalf of the REIT, a portfolio of 28 industrial, office, and retail properties throughout Canada that have a gross leasable area of 1.8 million square feet.
The Toronto Stock Exchange has not reviewed nor approved the contents of this press release and does not accept responsibility for the adequacy or accuracy of this press release.
Cautionary Note Regarding Forward-Looking Statements
Certain statements contained in this press release may constitute forward-looking statements. Forward-looking statements are often, but not always, identified by the use of words such as "anticipate", "plan", "expect", "may", "will", "intend", "should", and similar expressions and in this press release include statements with respect to the possible shareholder vote resulting from the Company's strategic review process and the anticipated timing of any meeting of shareholders of Huntingdon.
These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements. These risks and uncertainties include, but are not limited to, general and local economic and business conditions, whether the Company is able to locate a suitable partner for a transaction pursuant to the strategic review process, whether the Company is able to successfully negotiate suitable terms for the completion of any potential transactions, and the risks detailed from time to time in Huntingdon's filings with Canadian provincial securities regulators, including its most recent annual information form and management's discussion and analysis. Huntingdon cautions you not to place undue reliance upon any such forward-looking statements, which speak only as of the date they are made. Forward-looking statements are based on management's current plans, estimates, projections, beliefs and opinions, and Huntingdon does not undertake any obligation to update forward-looking statements should assumptions related to these plans, estimates, projections, beliefs and opinions change, except as required by applicable law.
SOURCE: Huntingdon Capital Corp.
Sandeep Manak, President and Chief Executive Officer
Tel: (604) 249-5113
Fax: (604) 249-5101
Email: smanak@huntingdoncapital.com
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