Cominar announces closing of issue of units

    




 /NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE  U.S./ 

 QUÉBEC CITY, Aug. 21, 2012 /CNW Telbec/ - Cominar Real Estate Investment Trust ("Cominar")  announces today that it has closed its previously  announced public offering of 11,640,300 units (the "Units"). The Units include 1,518,300 units of Cominar which were issued upon  the exercise of an over-allotment option and were sold to a syndicate  of underwriters led by National Bank Financial Inc. and BMO Capital  Markets for total net proceeds to Cominar of approximately $276  million, after deducting the underwriters' fee and the estimated  expenses of the offering. The net proceeds of the sale of the Units  will be used to finance a portion of the GE Capital Real Estate  acquisition previously announced or to pay down debt outstanding under  current credit facilities and for general and trust purposes.  Indebtedness incurred under the credit facilities was used to finance  Cominar's acquisitions and investments and for general and trust  purposes. The Units have been offered in all provinces and territories  of Canada by way of a short form prospectus. 

 The Units have not been and will not be registered under the United  States Securities Act of 1933 and accordingly will not be offered, sold  or delivered, directly or indirectly within the United States, its  possessions and other areas subject to its jurisdiction or to, or for  the account or for the benefit of a U.S. person, except pursuant to  applicable exemptions from the registration requirements. 

 Profile as at August 21, 2012 

 Cominar is the third largest diversified real estate investment trust in  Canada and currently remains the largest commercial property owner in  the Province of Québec. Cominar owns a real estate portfolio of 415  high-quality properties, consisting of 82 office, 158 retail and 175  industrial and mixed-use buildings that cover a total area of 30.7  million square feet in Québec, Ontario, the Atlantic Provinces and  Western Canada. Cominar's objectives are to pay growing cash  distributions to unitholders and to maximise unitholder value by way of  proactive management and the expansion of its portfolio. 

 Forward-Looking Statements 

 This press release may contain forward-looking statements with respect  to Cominar and  its operations, strategy, financial performance and  financial condition. These statements generally can be identified by  the use of forward-looking words such as "may", "will",  "expect",  "estimate", "anticipate", "intend", "believe" or "continue" or the  negative  thereof or similar variations. The actual results and  performance of Cominar discussed  herein could differ materially from  those expressed or implied by such statements. Such  statements are  qualified in their entirety by the inherent risks and uncertainties   surrounding future expectations. Some important factors that could  cause actual results  to differ materially from expectations include,  among other things, general economic and  market factors, competition,  changes in  government regulation and the factors described under "Risk  Factors" in the Annual  Information Form of Cominar. The cautionary  statements qualify all forward-looking statements attributable to  Cominar and persons acting on its behalf. Unless otherwise  stated, all  forward-looking statements speak only as of the date of this press  release. 

COMINAR REAL ESTATE INVESTMENT TRUST


CONTACT:  Mr. Michel Dallaire, P.Eng.President and Chief Executive Officer, Cominar Real Estate InvestmentTrust(418) 681-8151Mr. Michel BerthelotExecutive Vice President and Chief Financial Officer, Cominar RealEstate Investment Trust(418) 681-6300 ext. 2266 


    

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