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Press release from Marketwire

Retrocom Mid-Market REIT Announces $20,000,000 Bought Deal Financing

Thursday, June 17, 2010

Retrocom Mid-Market REIT Announces $20,000,000 Bought Deal Financing16:26 EDT Thursday, June 17, 2010TORONTO, ONTARIO--(Marketwire - June 17, 2010) - NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATESRetrocom Mid-Market Real Estate Investment Trust ("Retrocom") (TSX:RMM.UN) today announced that it has entered into an agreement to sell, on a bought deal basis to a syndicate of underwriters led by TD Securities Inc., $20,000,000 aggregate principal amount of 6.75% convertible unsecured subordinated debentures, due July 31, 2015 (the "Debentures") at a price of $1,000 per Debenture. Retrocom has granted the Underwriters an over-allotment option, exercisable in whole or in part at any time up to 30 days following closing, pursuant to which the underwriters may purchase up to an additional $3 million principal amount of Debentures, on the same terms. If the over-allotment option is exercised in full, the gross proceeds from the offering will be $23 million.Each Debenture is convertible into Units at the option of the holder at a conversion price of $5.05 (or 198.0198 Units per $1,000 principal amount of Debentures).The offering is scheduled to close on July 8, 2010, and is subject to regulatory approval.The net proceeds of the offering will be used to fund future acquisitions and for general trust purposes.The securities being offered have not been and will not be registered under the United States Securities Act of 1933 and accordingly will not be offered, sold or delivered, directly or indirectly within the United States, its possessions and other areas subject to its jurisdiction or to, or for the account or for the benefit of a U.S. person, except in limited circumstances.About Retrocom Mid-Market REITRetrocom Mid-Market REIT is an Ontario unincorporated open-end real estate investment trust which focuses on owning and acquiring mid-market commercial properties in primary and secondary cities across Canada with the objective of producing a geographically diversified portfolio of properties with stable and growing cash flows.FOR FURTHER INFORMATION PLEASE CONTACT: Retrocom Mid-Market Real Estate Investment Trust David Fiume Chief Executive Officer (416) 741-7999 x227 (416) 741-7993 (FAX) dfiume@rmmreit.com