TORONTO, Aug. 27 /CNW/ - NorthWest Healthcare Properties Real Estate
Investment Trust (TSX: NWH.UN) (the "REIT") announced today that the
Trustees of the REIT have approved and implemented a distribution
reinvestment plan (the "DRIP") that takes effect with the distribution
of $0.06667 per unit that is payable on September 15, 2010 to those
unitholders of record on August 31, 2010 who enroll in the DRIP.
Participants in the DRIP will have their cash distributions used to
purchase units of the REIT and will also receive a "bonus distribution"
of units equal in value to 3% of each distribution. Unitholders wishing
to participate should contact their investment advisors to enroll in the
About NorthWest Healthcare Properties Real Estate Investment Trust
Healthcare Properties Real Estate Investment Trust is an unincorporated,
open-ended real estate investment trust established under the laws of
the Province of Ontario. The REIT holds a portfolio of 46
income-producing properties, with a focus on medical office buildings
and healthcare real estate, comprising approximately 2.8 million square
feet of gross leasable area located in British Columbia, Alberta,
Ontario, Québec, Nova Scotia and New Brunswick.
This press release contains forward-looking statements which reflect the
REIT's current expectations regarding future events. The forward-looking
statements involve risks and uncertainties. Actual results could differ
materially from those projected herein. The REIT disclaims any
obligation to update these forward-looking statements.
SOURCE NorthWest Healthcare Properties Real Estate Investment Trust
For further information: For further information:
Mike Brady, Senior Vice President,
NorthWest Healthcare Properties Real Estate Investment Trust
(416) 366-2000 ext. 243, or www.nwhp.ca