/NOT FOR DISTRIBUTION IN THE U.S. OR OVER U.S.
NEWSWIRES/
TORONTO, July 15, 2015 /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 July 1, 2015 and ending July 31, 2015. The distribution will be payable
on August 17, 2015 to unitholders of
record as at July 31, 2015.
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