/NOT FOR DISTRIBUTION IN THE U.S. OR OVER U.S. NEWSWIRES/
TORONTO, Oct. 15, 2013 /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 October 1, 2013 and ending October 31, 2013. The
distribution will be payable on November 15, 2013 to unitholders of
record as at October 31, 2013.
Unitholders can participate in the 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.
SOURCE: True North Commercial Real Estate Investment Trust
For further information:
Chief Executive Officer
Chief Financial Officer