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Press release from Marketwire

Retrocom Mid-Market Real Estate Investment Trust to Redeem 7.50% Convertible Unsecured Subordinated Debentures Due July 31, 2012

Wednesday, June 29, 2011

Retrocom Mid-Market Real Estate Investment Trust to Redeem 7.50% Convertible Unsecured Subordinated Debentures Due July 31, 201208:00 EDT Wednesday, June 29, 2011TORONTO, ONTARIO--(Marketwire - June 29, 2011) -NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATESRetrocom Mid-Market Real Estate Investment Trust (TSX:RMM.UN)(TSX:RMM.DB) (the "REIT") announced today that it will redeem on August 2, 2011 (the "Redemption Date") all of its 7.50% convertible unsecured subordinated debentures due July 31, 2012 (the "7.50% Debentures") in accordance with their terms. The redemption price will be paid in cash and will include $1,000 for each $1,000 principal amount of the 7.50% Debentures outstanding on the Redemption Date plus accrued and unpaid interest, to but excluding the Redemption Date, of $0.41 per $1,000 principal amount of the 7.50% Debentures. Interest on the 7.50% Debentures will cease to accrue and be payable from and after the Redemption Date.The REIT expects that the TSX will delist the 7.50% Debentures on or about the Redemption Date.About Retrocom Mid-Market REITRetrocom Mid-Market REIT is an Ontario unincorporated, open-end real estate investment trust which focuses on owning and acquiring community-based commercial properties in primary and secondary markets across Canada with the objective of producing a geographically diversified portfolio of properties with stable and growing cash flows. FOR FURTHER INFORMATION PLEASE CONTACT: Richard MichaeloffRetrocom Mid-Market REITChief Executive Officer(416) 741-7999 ext. 5227(416) 741-7993 (FAX)rmichaeloff@rmmreit.com