GT Canada Medical Properties REIT Announces 5% Increase in Monthly Distribution

TORONTO, Jan. 31, 2012 /CNW/ - GT Canada Medical Properties Real Estate Investment Trust (TSX-V: MOB.UN) (the "REIT") announced today that its Board of Trustees has approved a 5% increase in its monthly distribution payable effective April 1, 2012, to unitholders of record on April 30, 2012. The REIT's distribution is increased to $0.0054 per month from $0.0051 per month or $0.064 per annum.

"After acquiring five properties in the last five months, we are very pleased to increase our distribution to unitholders," commented Andrew Shapack, the REIT's CEO. "This growth further demonstrates the execution of our business plan to make accretive acquisitions."

GT Canada Medical Properties REIT

As Canada's only publicly traded issuer focused exclusively on medical office buildings, GT Canada Medical 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's objectives are to: (i) provide its unitholders with stable and growing cash distributions from investments focused on medical office buildings, 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.

Reader Advisory

This news release contains "forward-looking statements" within the meaning of applicable securities laws, including those relating to the acquisition and the opportunities for expansion. 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.. 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 prospectus dated December 17, 2010, a copy of which may be obtained on the SEDAR website at

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 release.

SOURCE GT Canada Medical Properties Real Estate Investment Trust

For further information:

Andrew I. Shapack
Chief Executive Officer
GT Canada Medical Properties REIT
(416) 572-2170

Profil de l'entreprise

GT Canada Medical Properties Real Estate Investment Trust

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