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Homburg (AMS:HII) Shares issued: Class A - 155,578,911 Class B - 31,514,782
Halifax, Nova Scotia, August 8, 2008 (TSX: HII.A & HII.B and Euronext:HII) Richard Homburg, Chairman and CEO of Homburg Invest Inc. ("Homburg Invest") is pleased to announce that at a meeting of the Board of Directors held August 8, 2008 the payment of the semi-annual dividend of $0.24 per share was approved. The dividend will be payable on September 30, 2008 to holders of Class A Subordinate Voting Shares and Class B Multiple Voting Shares at the close of business on September 16, 2008.
The Board of Directors of the Company has also determined that the price of Class A Subordinate Voting Shares which may be purchased with cash dividends, under the Company's Dividend Reinvestment Plan, with respect to these dividend payments will be 97% of the market price as determined under the Plan.
All dividends paid by Homburg Invest are eligible dividends unless indicated otherwise.
Homburg Invest, with its head office in Halifax, Nova Scotia, owns and develops a diversified portfolio of quality real estate including office, retail, industrial and residential apartment and townhouse properties throughout Canada, the United States and Europe. -30-
For further information, please contact:
Mr. Richard Homburg, Chairman and CEO Homburg Invest Inc. 902-468-3395
or
J. Richard Stolle President and COO Homburg Invest Inc. 31-20-573-3855
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.
