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Press release from Marketwire

Retrocom Mid-Market Real Estate Investment Trust Completes Offering of 6.75% Convertible Unsecured Subordinated Debentures

Thursday, July 08, 2010

Retrocom Mid-Market Real Estate Investment Trust Completes Offering of 6.75% Convertible Unsecured Subordinated Debentures09:02 EDT Thursday, July 08, 2010TORONTO, ONTARIO--(Marketwire - July 8, 2010) - NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATESRetrocom Mid-Market Real Estate Investment Trust (TSX:RMM.UN) (the "REIT") announced today that it has completed its offering of $20,000,000 principal amount of 6.75% convertible unsecured subordinated debentures due July 31, 2015 (the "Debentures") at a price of $1,000 per $1,000 principal amount of Debentures. The Debentures were issued pursuant to the REIT's short form prospectus dated June 30, 2010 and the offering was underwritten by a syndicate led by TD Securities Inc. and including CIBC World Markets Inc., BMO Nesbitt Burns Inc., RBC Dominion Securities Inc., National Bank Financial Inc., Scotia Capital Inc. and Macquarie Capital Markets Canada Ltd. The Debentures are listed for trading on the Toronto Stock Exchange under the symbol "RMM.DB.A".Each Debenture is convertible into units of the REIT at the option of the holder at a conversion price of $5.05 per unit (or 198.0198 units per $1,000 principal amount of Debentures).The net proceeds will be used by the REIT to further strengthen its financial position, to fund future acquisitions and for general trust purposes.This press release shall not constitute an offer to sell or the solicitation of an offer to buy, which may be made only by means of a prospectus, nor shall there be any sale of the Debentures in any state, province or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under securities laws of any such state, province or other jurisdiction. The Debentures and the units issuable upon conversion, redemption or repayment at maturity of the Debentures have not been, and will not be registered under the U.S. Securities Act of 1933, as amended, and may not be offered, sold or delivered in the United States absent registration or an application for exemption from the registration requirements of U.S. securities laws.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)