/NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR
DISSEMINATION IN THE UNITED
STATES./
TORONTO, Oct. 3, 2014 /CNW/ - NorthWest International
Healthcare Properties Real Estate Investment Trust (TSXV:MOB.UN)
(the "REIT") announced today the issuance of an additional
$3.75 million aggregate principal
amount of 7.25% convertible unsecured subordinated debentures of
the REIT. The issuance was pursuant to the partial exercise of an
over-allotment option granted to a syndicate of underwriters led by
National Bank Financial Inc. and GMP Securities L.P., acting as
joint bookrunners, and including BMO Capital Markets, Canaccord
Genuity Corp., Scotiabank, Dundee Securities Ltd., Raymond James
Ltd., Manulife Securities Incorporated, Desjardins Securities Inc.,
Laurentian Bank Securities Inc., Mackie Research Capital
Corporation and All Group Financial Services Inc., in connection
with the REIT's recent offering of 7.25% convertible unsecured
subordinated debentures, on a bought deal basis (the "Offering"),
which closed on September 23,
2014. The exercise of the over-allotment option increases the
total gross proceeds of the Offering to $38.75 million.
About NorthWest International Healthcare Properties Real
Estate Investment Trust
The REIT is an unincorporated, open-ended real estate investment
trust established under the laws of the Province of Ontario. The REIT's objectives are to: (i)
provide its unitholders with stable and growing cash distributions
from investments focused on international healthcare properties, on
a tax efficient basis; (ii) enhance the value of the REIT's assets
and maximize long-term unit value; and (iii) expand the asset base
of the REIT.
Reader Advisory
This news release contains "forward-looking statements"
within the meaning of applicable securities laws, including
statements about the Offering and proposed use of proceeds thereof.
These forward-looking statements are subject to a number of risks
and uncertainties that could cause actual results or events to
differ materially from current expectations, including the ability
of the REIT to pay or grow distributions. The statements in this
news release are made as of the date of this release. Although the
REIT believes that the assumptions inherent in the forward-looking
statements are reasonable, forward-looking statements are not
guarantees of future performance and, accordingly, readers are
cautioned not to place undue reliance on such statements due to the
inherent uncertainty therein. A discussion of the risk factors
applicable to the REIT is contained under the heading "Risk
Factors" in the REIT's annual information form dated April 23, 2014 audited consolidated financial
statements and management's discussion and analysis for the year
ended December 31, 2013, and the
REIT's short form prospectus dated September
16, 2014, copies of which each may be obtained on the SEDAR
website at www.sedar.com.
These securities have not been and will not be registered
under the United States Securities Act of 1933, as amended (the
"U.S. Securities Act"), or any state securities laws and may not be
offered or sold in the United
States or to U.S. persons except in compliance with the
registration requirements of the U.S. Securities Act and applicable
state securities laws or pursuant to an exemption therefrom.
Accordingly, this news release does not constitute an offer for
sale of securities in the United
States.
Neither the TSX Venture Exchange Inc. nor its Regulation
Services Provider (as that term is defined in policies of the TSX
Venture Exchange) has approved or disapproved the contents of this
press release.
SOURCE NorthWest International Healthcare Properties Real Estate
Investment Trust