WPT Industrial Real Estate Investment Trust Announces March 2014 Distribution
TORONTO, March 19, 2014 /CNW/ - WPT Industrial Real Estate Investment Trust (the "REIT") (TSX: WIR.U) announced today that its Board of Trustees has declared a cash distribution for the month of March 2014 of US$0.0583 per unit. The distribution will be payable on April 15, 2014 to unitholders of record as of the close of business on March 31, 2014.
Distributions paid to Canadian unitholders (and other non-U.S. unitholders) generally will be subject to U.S. withholding tax. For a general summary of the taxation of distributions paid to Canadian unitholders, including information regarding U.S. withholding tax, please see the "Certain Canadian Federal Income Tax Considerations", "Certain U.S. Federal Income Tax Considerations" and "Risk Factors - Tax-Related Risks" sections of the REIT's prospectus dated April 18, 2013, and Management's Discussion and Analysis for the period from March 4, 2013 to December 31, 2013 dated March 12, 2014, copies of which are available on the SEDAR website at www.sedar.com. Unitholders should consult their own tax advisors for advice with respect to the tax consequences of receiving a distribution from the REIT in their own circumstances.
About WPT Industrial Real Estate Investment Trust
WPT Industrial Real Estate Investment Trust is an unincorporated, open-ended real estate investment trust established pursuant to a declaration of trust under the laws of the Province of Ontario. The REIT has been formed to own and operate an institutional-quality portfolio of primarily industrial properties located in the United States, with a particular focus on warehouse and distribution industrial real estate. WPT Industrial, LP (the REIT's operating subsidiary) indirectly owns a portfolio of properties consisting of approximately 9.9 million square feet of gross leasable area, comprised of 36 industrial properties and two office properties located in 12 states within the United States. Welsh Property Trust, LLC is the external asset manager and property manager of the REIT.
About Welsh Property Trust
Welsh Property Trust, LLC ("Welsh"), a privately held real estate investment management company, is the external asset manager and property manager of the REIT. The Welsh organization was founded in 1977 and has extensive experience in the acquisition, management and disposition of industrial and office real estate assets in attractive markets throughout the United States.
SOURCE WPT Industrial Real Estate Investment TrustFor further information:
Scott Frederiksen, Chair and Chief Executive Officer
WPT Industrial REIT
Tel: (952) 897-7737
Fax: (952) 842-7737