Toronto, Ontario -- (SBWIRE) -- 05/15/2009 -- ONE Financial Corporation ("ONE Financial") is pleased to announce that they have successfully closed the ONE Financial Real Property Development & Income Balanced Offering (2008-1) (the "Offering"). A second closing is scheduled for June 26, 2009.
Jeffrey O'Brien, President and CEO of ONE Financial, stated "We are delighted with the support we have received for our balanced real estate offerings, and the continued interest in quality real estate assets as a viable investment alternative. With strong fundamentals supporting capital growth and income stability, many of our advisor clients are using the ONE Financial Real Property Development & Income Balanced Offering to reduce portfolio volatility in these turbulent times. This is a truly unique offering with many benefits previously unavailable in Canada."
The Offering consists of one unit of the ONE Financial Real Property Development Trust (2008-1) (the "Development Trust") and one unit of the ONE Financial Real Property Income Fund (2008-1) (the "Income Fund") (together a "Combined Unit"). The offering price is $25.00 per Combined Unit, consisting of $15.00 per Development Trust Unit and $10.00 per Income Fund Unit, and the minimum purchase quantity is 100 units ($2,500). Units of both the Development Trust and Income Fund are intended to qualify as mutual fund trusts under the Income Tax Act (Canada) and as such will be qualified investments under the Income Tax Act (Canada) for registered retirement savings plans (RRSPs), Registered Retirement Income Funds (RRIFs), Registered Educational Savings Plans (RESPs), Deferred Profit-Sharing Plans (DPSPs) and Tax-Free Savings Accounts (TFSAs).
The Offering is being made through a syndicate of investment dealers that is led by Research Capital Corporation and will be available for purchase until June 26, 2009. Investment in this product is also available on a private placement basis to accredited investors and others pursuant to an Offering Memorandum. For more information please contact the Issuers directly at 1.866.360.7888.
ONE Financial is currently engaged in providing investors with a balanced approach to real estate investing, with investments focused on Canadian urban markets that combine attractive distributions from Mature Properties with uncommon growth potential from Re-development Properties. ONE Financial Corporation is a specialized investment products firm that was formed in 2001 to meet the growing demand for a better way to invest. Investors have responded to ONE Financial's innovative approach. Since launching their first product in 2002, ONE Financial has raised over $300 million and is among Canada's fastest growing investment firms.
Certain statements included in this news release constitute forward-looking statements, including, but not limited to, those identified by the expressions ''expect'', ''intend'', "will" and similar expressions to the extent they relate to the Offering. The forward-looking statements are not historical facts but reflect current expectations regarding future results or events. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations. Although the assumptions inherent in the forward-looking statements are believed to be reasonable, forward-looking statements are not guarantees of future performance and, accordingly, readers are cautioned not to place undue reliance on such statements due to the inherent uncertainty therein. Neither ONE Financial nor the Issuers undertakes any obligation to update publicly or otherwise revise any forward-looking statement or information whether as a result of new information, future events or other such factors which affect this information, except as required by law. This Offering is only made by a Prospectus dated April 22, 2009. The Prospectus contains important detailed information about the securities being offered. Copies of the Prospectus may be obtained from the Issuers or at www.sedar.com. Investors should read the Prospectus prior to making an investment decision.
For further information: please visit http://www.onefinancial.com/rpdi or contact Jeffrey O'Brien, President and CEO, or Christopher Gibson, Vice President, Sales Manager at (416) 360-7888 or 1-866-360-7888.