Partners Real Estate Investment Trust

Partners Real Estate Investment Trust

November 17, 2010 18:33 ET

Partners Real Estate Investment Trust (TSX-V: CRH.UN) Announces Distribution of $0.01333 Per Unit

VICTORIA, BRITISH COLUMBIA--(Marketwire - Nov. 17, 2010) - Partners Real Estate Investment Trust ("Partners REIT") (TSX VENTURE:CRH.UN) is pleased to announce a $0.01333 per unit distribution for November 2010. The distribution will be paid on December 15, 2010 to unitholders of record on November 30, 2010.

Partners REIT currently has approximately 25,746,607 trust units outstanding.

Distribution Reinvestment Plan

Partners REIT offers a distribution reinvestment plan whereby residents of Canada may elect to have their cash distributions reinvested in additional units of Partners REIT. Currently, approximately 8% of the total issued and outstanding units have enroled in the plan.

Partners REIT

Partners Real Estate Investment Trust is an open-end real estate investment trust established under the laws of the Province of Ontario. Partners REIT is focused on acquiring and managing a portfolio of retail and mixed-use retail community and neighbourhood centres, generally in the mid-market deal size range of $10 to $40 million, from both primary and secondary markets throughout Canada. Partners REIT currently owns 10 retail properties located in Ontario and Quebec.

Certain statements included in this press release constitute forward-looking statements, including, but not limited to, those identified by the expressions "expect", "intend", "will" and similar expressions to the extent they relate to Partners REIT. The forward-looking statements are not historical facts but reflect Partners REIT's current expectations regarding future results or events. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations, including the ability of Partners REIT to pay the distribution on the date specified. Although Partners REIT believes that the assumptions inherent in the forward-looking statements are reasonable, forward-looking statements are not guarantees of future performance and, accordingly, readers are cautioned not to place undue reliance on such statements due to the inherent uncertainty therein.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contact Information

  • Partners Real Estate Investment Trust
    Patrick Miniutti
    President and Chief Operating Officer
    (250) 595-9328
    Partners Real Estate Investment Trust
    Dionne Barnes
    Chief Financial Officer
    (250) 595-9328
    (866) 672-8836 (FAX)