/NOT FOR DISTRIBUTION IN THE U.S. OR OVER U.S. NEWSWIRES/
TORONTO, March 17, 2014 /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 March 1, 2014 and ending March 31, 2014. The
distribution will be payable on April 15, 2014 to unitholders of record
as at March 31, 2014.
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 is focused on acquiring and operating commercial rental
properties across Canada and such other jurisdictions where
opportunities exist. Additional information concerning the REIT is
available at www.sedar.com.
SOURCE: True North Commercial Real Estate Investment Trust
For further information:
Chief Executive Officer
Chief Financial Officer