Dundee REIT

Dundee REIT

January 16, 2008 17:30 ET

Dundee REIT January 2008 Monthly Distribution and Reinstatement of Distribution Reinvestment and Unit Purchase Plan ("DRIP")

TORONTO, ONTARIO--(Marketwire - Jan. 16, 2008) - DUNDEE REIT (TSX:D.UN) today announced a cash distribution of $0.183 per REIT Unit, Series A for the month of January ("January Distribution"). The January Distribution will be payable on February 15, 2008 to unitholders of record as at January 31, 2008.

In addition, effective with the January Distribution, Dundee REIT is also pleased to announce the reinstatement of its DRIP.

Registered unitholders of Dundee REIT who were enrolled in the DRIP prior to its suspension on June 28, 2007 will continue to be enrolled in the DRIP once it is reinstated. Investors who wish to have their distributions reinvested in the same manner as prior to the suspension do not need to take any action.

Registered unitholders of Dundee REIT who were not enrolled in the DRIP or terminated their participation in the DRIP and would like to have their distributions reinvested, should contact Computershare Trust Company of Canada before the deadline for the January Distribution, which is January 24, 2008 at 5:00 p.m. (Toronto time). Computershare Customer Contact Centre: 1 (800) 564-6253 (toll free) or (514) 982-7555. A notification and enrolment form have also been mailed to all registered holders together with the distribution cheque for the January 15th distribution payment.

Non-registered unitholders of Dundee REIT should contact their broker or other intermediary through which they hold units regarding how to participate in the DRIP. Instructions will have to be provided to their broker or other intermediary as soon as possible.

Dundee REIT is an unincorporated, open-ended real estate investment trust and provides high quality, affordable business premises. It is focused on owning, acquiring, leasing and managing mid-sized urban and suburban office and industrial properties in Canada. Dundee REIT's portfolio currently consists of approximately 6.3 million square feet of gross leasable area, located primarily in Western Canada. Dundee REIT's portfolio is well diversified by geographic location and tenant mix. For more information, please visit www.dundeereit.com.

Contact Information

  • Dundee Real Estate Investment Trust
    Michael J. Cooper
    Vice Chairman and Chief Executive Officer
    (416) 365-5145
    Email: mcooper@dundeereit.com
    Dundee Real Estate Investment Trust
    J. Michael Knowlton
    President and Chief Operating Officer
    (416) 365-2325
    Email: mknowlton@dundeereit.com
    Dundee Real Estate Investment Trust
    Mario Barrafato
    Senior Vice-President and Chief Financial Officer
    (416) 365-4132
    Email: mbarrafato@dundeereit.com
    Website: www.dundeereit.com