CALGARY, Dec. 6, 2012 /CNW/ - Northern Property Real Estate Investment
Trust ("NPREIT") (NPR.UN - TSX) announced a special distribution in the
amount of $0.56 per unit, payable on December 28, 2012, to unitholders
of record at December 17, 2012.
The sale of NPR's seniors' portfolio has resulted in an increase in
taxable income for the 2012 financial year. Payment of the special
distribution is made in connection with NPR's Declaration of Trust
stipulating that 100% of taxable income in each year be distributed to
As at the date hereof, there are 31,948,987 Trust Units (NPR.UN) issued
and outstanding and 67,796 Class B exchangeable limited partnership
units issued and outstanding.
SOURCE: Northern Property Real Estate Investment Trust
For further information:
Mr. Todd Cook,
Executive Vice President and Chief Financial Officer