/NOT FOR DISTRIBUTION IN THE U.S. OR OVER U.S.
NEWSWIRES/
TORONTO, Nov. 16, 2015 /CNW/ - True North Commercial Real
Estate Investment Trust (TSX: TNT.UN) (the "REIT") today
announced a cash distribution of $0.0495 per trust unit ("Unit") for the
period from November 1, 2015 and ending November 30, 2015. The distribution will be
payable on December 15, 2015 to
unitholders of record as at November 30,
2015.
Unitholders can participate in the REIT's unitholder
Distribution Reinvestment Plan ("DRIP"). Eligible investors
registered in the DRIP will have their monthly cash distributions
used to purchase additional Units, at a 3% discount to the weighted
average closing price of the Units, for the five trading days
immediately preceding the date of distribution declared by the
REIT. No assurances can be made that new Units will be made
available under the DRIP on a regular basis, or at all. The DRIP
provides an efficient and cost-effective way for the REIT to issue
additional equity to existing unitholders.
About the REIT
The REIT is an unincorporated, open-ended real estate investment
trust established under the laws of the Province of Ontario. The REIT currently owns and operates
a portfolio of 25 commercial properties consisting of approximately
1.4 million square feet in secondary markets across Canada.
The REIT is focused on growing its portfolio principally through
acquisitions across Canada and
such other jurisdictions where opportunities exist.
Additional information concerning the REIT is available at
www.sedar.com or the REIT's website at www.truenorthreit.com.
SOURCE True North Commercial Real Estate Investment Trust