Homburg Invest Reports Second Quarter Financial Results and Obtains Fifth CCAA Protection Extension

Homburg Invest Reports Second Quarter Financial Results and Obtains Fifth CCAA Protection Extension PR Newswire MONTREAL, September 1, 2012 MONTREAL, September 1, 2012 /PRNewswire/ -- /NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/ Homburg Invest Inc. (NYSE Euronext Amsterdam: HII) ("Homburg Invest" or the "Company") announced today its financial results for the second quarter ended June 30, 2012. In compliance with National Instrument 51-102 of the Canadian Securities Administrators, Management notifies readers that the unaudited interim condensed consolidated financial statements for the periods ended June 30, 2012, and June 30, 2011 have not been reviewed by the Company's external auditors. The Company also announced that it obtained an order from the Superior Court under the Canadian Companies' Creditors Arrangement Act ("CCAA") further extending the CCAA protection granted to Homburg Invest and certain of its affiliates on September 9, 2011, as amended, until September 14, 2012, at which time the matter will be reviewed by the Court. In addition, certain direct or indirect subsidiaries of the Company are now also under the protection of the CCAA, namely North Calgary Land Ltd. and Homco Realty Fund (96) Limited Partnership. The extension will provide Homburg Invest with additional time to further develop a restructuring plan for the benefit of all stakeholders, including its creditors.