/NOT FOR DISTRIBUTION IN THE UNITED STATES OR OVER UNITED STATES WIRE
TORONTO, June 27, 2012 /CNW/ - Gazit America Inc. ("Gazit America")
(TSX: GAA) announced today that it has received the interim order (the
"Interim Order") of the Ontario Superior Court of Justice (Commercial
List) (the "Court") required in connection with the arrangement (the
"Arrangement"), announced on June 21, 2012, under the Business Corporations Act (Ontario) involving Gazit America, Gazit-Globe Ltd. and First Capital
Gazit America also announced today that the date for the annual and
special meeting of shareholders of Gazit America (the "Meeting") to
consider the special resolution approving the Arrangement, together
with other annual meeting business, has now been set for August 2, 2012
at 2:00 p.m. at the Toronto Board of Trade, 1 First Canadian Place,
Suite 350, Toronto, Ontario.
Following receipt of the Interim Order today, Gazit America expects to
mail the Management Information Circular prepared in connection with
the Meeting to shareholders of Gazit America on Friday, June 29, 2012
and, in accordance with applicable law, the record date for
shareholders to receive notice of and to vote at the Meeting will be
Thursday, June 28, 2012.
ABOUT GAZIT AMERICA (TSX: GAA)
Gazit America's goal is to acquire and develop best in class medical
office, health care retail, and mixed use properties, operate them well
and continually add value. The Company currently has interest in
thirteen properties totalling approximately 930,000 square feet
(representing the Company's proportionate interest) of rentable space
located in Longueuil and Montreal, Quebec, Cambridge, London,
Mississauga, Toronto, Kitchener and Ottawa, Ontario, and Edmonton and
Calgary, Alberta. In addition, the Company owns approximately 12.4% of
Equity One, Inc. (NYSE: EQY), a U.S. real estate investment trust.
FORWARD LOOKING STATEMENT ADVISORY
This press release contains forward-looking statements, and other
statements concerning Gazit America's objectives and strategies and
management's beliefs, plans, estimates and intentions, including with
respect to the Arrangement becoming effective and the anticipated
mailing date of Gazit America's Management Information Circular. The
forward-looking statements are not historical facts but reflect Gazit
America's current expectations regarding future results or events and
are based on information currently available to management. Certain
material factors and assumptions were applied in providing these
forward-looking statements. All forward-looking statements in this
press release are qualified by these cautionary statements.
Management believes that the expectations reflected in forward-looking
statements are based upon reasonable assumptions; however, management
can give no assurance that actual results will be consistent with these
forward-looking statements. 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 that the mailing date might be delayed, which would affect
the record date for receipt of notice and entitlement to vote at the
Meeting, that the Arrangement may not be approved by shareholders of
Gazit America or by the Court or may not otherwise become effective,
general economic conditions, and the matters discussed under "Risks and
Uncertainties" in Gazit America's current Management's Discussion and Analysis and "Risk Factors" in Gazit
America's current Annual Information Form.
Readers, therefore, should not place undue reliance on any such
forward-looking statements. Further, a forward-looking statement speaks
only as of the date on which such statement is made. Gazit America undertakes no obligation to publicly update any such statement or to
reflect new information or the occurrence of future events or
circumstances except as required by securities laws.
These forward-looking statements are made as of the date of this press
Gail Mifsud, C.E.O.
Gazit America Inc.
109 Atlantic Avenue, Suite 303
Toronto, Ontario, Canada M6K 1X4
Tel: (416) 447-6400
Fax: (416) 447-6488