TORONTO, April 23, 2014 /CNW/ - NorthWest International Healthcare
Properties REIT (the "REIT") announced today that it has declared a
distribution of $0.018333 per trust unit (TSX-V: MOB.UN) for the month
of April 2014. Based on the closing price of the REIT's trust units as
of today of $2.15 per unit, this distribution represents an annualized
yield of 10.2%.
The distribution will be paid on May 15, 2014 to unitholders of record
as at April 30, 2014.
Eligible unitholders that elect to participate in the REIT's
distribution reinvestment plan (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 DRIP.
Effective March 17, 2014, 33,805 trust units, and effective April 15,
2014, 34,364 trust units, respectively, were issued pursuant to the
DRIP, none of which will be issued to trustees or officers of the REIT.
About NorthWest International Healthcare Properties Real Estate
The REIT is an unincorporated, open-ended real estate investment trust
established under the laws of the Province of Ontario. The REIT's
objectives are to: (i) provide its unitholders with stable and growing
cash distributions from investments focused on international healthcare
properties, on a tax efficient basis; (ii) enhance the value of the
REIT's assets and maximize long-term unit value; and (iii) expand the
asset base of the REIT.
This news release contains "forward-looking statements" within the
meaning of applicable securities laws. These forward-looking statements
are subject to a number of risks and uncertainties that could cause
actual results or events to differ materially from current
expectations, including the ability of the REIT to pay the distribution
on the date specified. The statements in this news release are made as
of the date of this release. Although the REIT believes that the
assumptions inherent in the forward-looking statements are reasonable,
forward-looking statements are not guarantees of future performance
and, accordingly, readers are cautioned not to place undue reliance on
such statements due to the inherent uncertainty therein. A discussion
of the risk factors applicable to the REIT is contained under the
heading "Risk Factors" in the REIT's annual information form dated
April 23, 2014 and audited consolidated financial statements and
management's discussion and analysis for the year ended December 31,
2013, copies of which each may be obtained on the SEDAR website at www.sedar.com.
Neither the TSX Venture Exchange Inc. nor its Regulation Services
Provider (as that term is defined in policies of the TSX Venture
Exchange) has approved or disapproved the contents of this press
SOURCE: NorthWest International Healthcare Properties REIT
For further information:
Paul Dalla Lana, CEO, (416) 366-8300 x1001
Teresa Neto, CFO, (416) 366-8300 x1002