WINNIPEG, June 2, 2014 /CNW/ - Lanesborough Real Estate Investment Trust
("LREIT") (TSX: LRT.UN) today announced that it has received repayment
of two mortgage loans receivable with a combined balance of
approximately $9.1 million. The proceeds have been used to reduce the
outstanding balance of the revolving loan from 2668921 Manitoba Ltd. to
$4.4 million.
ABOUT LREIT
LREIT is a real estate investment trust, which is listed on the Toronto
Stock Exchange under the symbols LRT.UN (Trust Units), LRT.DB.G (Series
G Debentures), LRT.NT.A (Second Mortgage Bonds due December 24, 2015),
LRT.WT (Warrants expiring March 9, 2015) and LRT.WT.A (Warrants
expiring December 23, 2015). The objective of LREIT is to provide
Unitholders with stable cash distributions from investment in a
diversified portfolio of quality real estate properties. For further
information on LREIT, please visit our website at www.lreit.com.
The Toronto Stock Exchange has not reviewed or approved the contents of
this press release and does not accept responsibility for the adequacy
or accuracy of this press release.
SOURCE Lanesborough Real Estate Investment Trust
Arni Thorsteinson, Chief Executive Officer, or Gino Romagnoli, Investor Relations
Tel: (204) 475-9090, Fax: (204) 452-5505, Email: info@lreit.com
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