Business & Finance
Business and Finance
Business and Finance
Thu, June 2, 2011
Wed, June 1, 2011 GT CANADA MEDICAL PROPERTIES REIT (TSX-V: MOB.UN) ANNOUNCES RESIGNATION OF ITS CFO
TORONTO, June 1, 2011 /CNW/ - GT Canada Medical Properties REIT (the "REIT") announces that Sean Nakamoto, the REIT's Chief Financial Officer, has resigned to pursue other opportunities. Mr. Nakamoto has agreed that his resignation will be effective June 30, 2011 after the release of the REIT's financial statements and MD&A for the quarter ended March 31, 2011. This will allow for Mr. Nakamoto to work with a successor to ensure a smooth transition of responsibilities. The REIT is in the process of hiring a suitable candidate to serve as CFO.
Andrew Shapack, Chief Executive Officer of the REIT, said "Sean played an integral role in GT Canada's initial growth and conversion into a REIT. We are very appreciative of his valuable contributions and look forward to working with him on select initiatives and projects in the future."
GT Canada Medical Properties REIT
The REIT is executing a strategy to become a leading owner of medical office buildings in Canada through a disciplined acquisition program aimed at creating a geographically diversified portfolio of properties that will generate stable and growing rental income and capital appreciation opportunities.
This press release contains forward-looking statements. Forward-looking statements can be identified by the use of words such as "plans", "expects" or "does not expect", "is expected", "estimates", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved. Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the REIT to be materially different from any future results, performance or achievements.
Neither the TSX Venture Exchange Inc. nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) has approved or disapproved the contents of this press release.
