EX-1.1
from CB
3 pages
Cominar Announces Acquisition of Units of Canmarc and Intention to Make an All-Cash Offer Canada Newswire Québec City, Nov. 28, 2011 Offer Highlights • Unitholders of Canmarc Real Estate Investment Trust (“Canmarc”) to Receive $15.30 in Cash Per Canmarc Unit (As Defined Below), Not Subject to Proration • All-Cash Offer Represents a Premium of 15.2% Over the Closing Price of the Canmarc Units on November 25, 2011 • Opportunity for Canmarc Unitholders to Participate in the Growth of the Combined Entity Through a Unit Election Option, Capped at 16 Million Units (The “Cominar Units”) of Cominar Real Estate Investment Trust (“Cominar”) • Combined Entity Ideally Positioned for Growth, With a Unique Portfolio of High-Quality Real Estate Comprising Approximately 30 Million Square Feet, Attractive Geographical and Asset-Class Diversification and an Enhanced Capital Markets Profile • Transaction Immediately Accretive to Cominar’s Distributable Income, Funds From Operations and Adjusted Funds From Operations
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