Homburg Invest holders vote to amend three note series at meetings

By Susanna Moon

Chicago, Oct. 26 - Homburg Invest Inc. said holders approved amending three series of mortgage bonds at meetings held on Oct. 24 and Oct. 25.

The following amendments were proposed and adopted at the meeting:

• Authorization under the 7.5% mortgage bonds due Nov. 30, 2011 for the sale of the property known as Homco Springs East;

• Conditions to release security of 7.5% mortgage bonds due Dec. 31, 2011; and

• Authorization under the 7.25% mortgage bonds due June 30, 2012 for the sale of the property known as Kai Towers.

The bondholders adopted the resolutions with a "vast majority of the votes," according to a company press release.

Based in Halifax, N.S., Homburg owns a portfolio of real estate, including office, retail, industrial and residential apartment and townhouse properties in Canada, the United States and Europe.

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