TORONTO, Dec. 15,
2023 /CNW/ - Northwest Healthcare Properties Real
Estate Investment Trust (the "REIT" or "Northwest")
(TSX: NWH.UN) announced today that the Trustees of the REIT have
declared a distribution of $0.03 per
unit for the month of December 2023,
representing $0.36 per unit on an
annualized basis. The distribution will be payable on January 15, 2024, to unitholders of record as at
December 29, 2023.
The REIT also announced today that commencing with the
December 2023 distribution,
Unitholders can elect to participate in the REIT's Distribution
Reinvestment Plan ("DRIP"), which had previously been
suspended on June 7, 2023. Eligible
investors registered in the DRIP will have their monthly cash
distributions used to purchase trust units and will also receive
bonus units equal to 3% of their monthly cash distributions.
Unitholders that were previously enrolled in the DRIP at the time
of its suspension and remain enrolled at the time of its
reinstatement will automatically resume participation in the DRIP.
Complete details of the DRIP are available under the "Investors"
section of the REIT's website located at www.nwhreit.com.
About Northwest Healthcare
Properties Real Estate Investment Trust
Northwest Healthcare Properties Real Estate Investment Trust
(TSX: NWH.UN) (Northwest) is an unincorporated, open-ended real
estate investment trust established under the laws of the Province
of Ontario. The REIT provides
investors with access to a portfolio of high-quality international
healthcare real estate infrastructure comprised as at September 30, 2023, of interests in a diversified
portfolio of 229 income-producing properties and 18.2 million
square feet of gross leasable area located throughout major markets
in Canada, the United States, Brazil, Europe, Australia, and New
Zealand. The REIT's portfolio of medical office buildings,
clinics, and hospitals is characterized by long-term indexed leases
and stable occupancies. With a fully integrated and aligned senior
management team, the REIT leverages over 300 employees in ten
offices in eight countries to serve as a long-term real estate
partner to leading healthcare operators.
This press release contains forward-looking statements which
reflect the REIT's current expectations regarding future events.
These forward-looking statements include statements regarding
payment of the December distribution and reinstatement of the DRIP.
The forward-looking statements involve risks and uncertainties.
Actual events could differ materially from those projected herein.
The REIT disclaims any obligation to update these forward-looking
statements.
SOURCE NorthWest Healthcare Properties Real Estate Investment
Trust