Investus Real Estate Inc. to Amalgamate with wholly-owned subsidiary of Société de développement Alpha (SDA) Inc.

MONTREAL, June 29, 2011 /CNW/ -- 
MONTREAL, June 29, 2011 /CNW Telbec/ - At an annual and special meeting
 of holders of common shares of Investus Real Estate Inc. ("Investus")
 (TSXV: IVT) held today, the previously announced going private
 transaction was approved whereby Société de développement Alpha (SDA)
 Inc. ("SDA"), an affiliate of Michel Dallaire and his family, shall
 acquire all of the outstanding common shares of Investus, by way of an
 amalgamation of a wholly-owned subsidiary of SDA, 7852690 Canada Inc.
 ("SDA Subco"), and Investus (the "Amalgamation"). The Amalgamation was
 unanimously approved by the holders of common shares of Investus
 present in person or represented by proxy at the meeting. The effective
 date of the Amalgamation is expected to be June 30, 2011 (the
 "Effective Date").


As a result of the Amalgamation, former holders of Investus common
 shares (other than SDA, SDA Subco or any dissenting Investus
 shareholders) will receive one class A redeemable preferred share of
 Amalco for each Investus common share held. As a result of the
 Amalgamation, all of the common shares of Amalco will be held by SDA.


Effective as of 5:00 p.m. (Montréal time) on the first business day
 following the Effective Date, the class A redeemable preferred shares
 of Amalco will automatically be redeemed (the "Redemption") by Amalco
 for Cdn $0.20 in cash.  As a result of the Redemption, all of the Class
 A redeemable preferred shares will automatically be cancelled and SDA
 will own all of the outstanding securities of Amalco.


The annual and special meeting materials mailed to Investus shareholders
 in advance of today's shareholders' meeting, copies of which are
 available at the Canadian Securities Administrators' SEDAR website at www.sedar.com, contain instructions for former holders of Investus common shares to
 receive the cash payable to them in connection with the Redemption. 
 Shareholders with any questions or requests for assistance in
 completing the letter of transmittal and surrendering the share
 certificates formerly representing Investus common shares should
 contact Computershare Investor Services Inc., the depositary, by
 telephone at 514-982-7555 or toll free within Canada and the United
 States at 1-800-564-6253. Shareholders whose share certificates are
 registered in the name of an investment advisor, stockbroker, bank,
 trust company or other nominee should immediately contact such nominee
 for assistance in surrendering their share certificates.


The common shares of Investus will be delisted from and will no longer
 be traded on the TSX Venture Exchange after the Effective Date.


Investus intends to apply to cease to be a reporting issuer under
 applicable Canadian securities laws in each of the jurisdictions in
 which it is currently a reporting issuer.


Neither TSX Venture Exchange nor its Regulation Services Provider (as
 that term is defined in the policies of the TSX Venture Exchange)
 accepts responsibility for the adequacy or accuracy of this release.


Forward Looking Information


This press release may contain forward looking statements and
 information within the meaning of applicable securities legislation.
 Although Investus believes that the anticipated future results,
 performance or achievements expressed or implied by the forward looking
 statements and information are based upon reasonable assumptions and
 expectations, the reader should not place undue reliance on forward
 looking statements and information because they involve known and
 unknown risks, uncertainties and other factors which may cause the
 actual results, performance or achievements of Investus to differ
 materially from anticipated future results, performance or achievement
 expressed or implied by such forward looking statements and
 information. Accordingly, Investus cannot  provide any assurance that
 its expectations will in fact occur and cautions that actual results
 may differ materially from those in the forward looking statements.
 Factors that could cause actual results to differ materially from those
 set forth in the forward looking statements and information include:
 general economic conditions; local real estate conditions including the
 development of properties in close proximity to Investus' properties;
 timely leasing of newly-developed properties and re-leasing of occupied
 square footage upon expiration; dependence on tenants' financial
 condition; the uncertainties of real estate development and acquisition
 activity; the ability to effectively integrate acquisitions; interest
 rates; availability of equity and debt financing; the impact of
 newly-adopted accounting principles on Investus' accounting policies and on period-to-period comparisons of financial
 results; and other risks and factors described from time to time in the
 documents filed by Investus with the securities regulators in Canada,
 including in its annual information form and management's discussion
 and analysis. Investus does not undertake any obligation to publicly
 update or revise any forward looking statements or information, whether
 as a result of new information, future events or otherwise, except as
 required by securities laws.


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p Investus Real Estate Inc.: Serge Beaudet, President and Chief Executive  Officer, [phone]; Michel Paquet, Secretary, [phone] x2225 /p 

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