Fronsac Real Estate Investment Trust Releases Interim Financial Statements and Declares a Distribution to Unitholders

2012-11-15 17:44:52 -

MONTREAL, QUEBEC -- (Marketwire) -- 11/15/12 -- Fronsac real estate investment trust ("Fronsac REIT") (TSX VENTURE:GAZ.UN) today released its unaudited consolidated financial statements for its third quarter ended September 30, 2012.

The net income of the quarter ended September 30, 2012 was $47,848 or $0.002 per unit (2011: net loss of ($80,710) or ($0.006) per unit).

SUMMARY OF INCOME STATEMENT INFORMATION


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Income                                        September 30,   September 30, 
                                                       2012            2011 
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Revenue                                            $183,269        $121,814 
Net lncome (loss)                                   $47,848        ($80,710)
Per unit - basic and diluted                         $0.002         ($0.006)
Weighted average units outstanding - basic                                  
 and diluted                                     20,514,000      13,790,000 
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SUMMARY OF CASH FLOWS INFORMATION


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Cash Flows                                    September 30,   September 30, 
                                                       2012            2011 
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Cash from operating activities                      $88,735         $60,312 
Cash from investing activities                     ($35,207)      ($333,377)
Cash from financing activities                      $30,505        ($47,794)
Increase (decrease) in cash                         $84,033       ($320,859)
Cash - beginning of period                         ($19,997)       $776,073 
Cash - end of period                                $64,036        $455,214 
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SUMMARY OF FINANCIAL POSITION INFORMATION

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The Trust's September 30, 2012 financial statements of Fronsac REIT may be viewed on SEDAR at www.sedar.com

On November 14, 2012, the Board of Fronsac REIT has declared a distribution of $0.00625 to unitholders of record on November 30, 2012 that will be paid on December 31, 2012.

Neither the TSX Venture Exchange Inc., nor its Regulatory Services Provider (as that term is defined in the Policy of the TSX Venture Exchange) accept any responsibility for the adequacy or accuracy of this release.

Contacts:

Michel Lassonde

President

(450) 536-5328