Partners Real Estate Investment Trust

Partners Real Estate Investment Trust

December 16, 2010 17:30 ET

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

VICTORIA, BRITISH COLUMBIA--(Marketwire - Dec. 16, 2010) - Partners Real Estate Investment Trust (TSX VENTURE:CRH.UN) ("Partners REIT") is pleased to announce a $0.01333 per unit distribution for December 2010. The distribution will be paid on January 17, 2011 to unitholders of record on December 31, 2010. Partners REIT currently has approximately 25,761,068 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 7% of the total issued and outstanding units have enroled in the plan.
Partners REIT Partners REIT is a growth-oriented real estate investment trust, which currently owns (directly or indirectly) ten retail properties, well-located in Ontario and Quebec, aggregating approximately 1.1 million square feet of leaseable space.  Partners REIT focuses on expanding and managing a portfolio of retail and mixed-use community and neighbourhood shopping centres located in both primary and secondary markets across Canada.

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)