TORONTO, Nov. 18, 2013 /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 November 2013 of US$0.0583 per
unit. The distribution will be payable on December 16, 2013 to
unitholders of record as of the close of business on November 29, 2013.
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, a copy of which is 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 Trust
For further information:
Scott Frederiksen, Chair and Chief Executive Officer
WPT Industrial REIT
Tel: (952) 897-7737
Fax: (952) 842-7737