Partners Real Estate Investment Trust

Partners Real Estate Investment Trust

February 18, 2011 09:00 ET

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

VICTORIA, BRITISH COLUMBIA--(Marketwire - Feb. 18, 2011) - Partners Real Estate Investment Trust (TSX VENTURE:PAR.UN) ("Partners REIT") is pleased to announce a $0.01333 per unit distribution for February 2011. The distribution will be paid on March 15, 2011 to unitholders of record on February 28, 2011.

Partners REIT currently has approximately 30,933,670 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 5% of the total issued and outstanding units have enrolled in the plan.

Partners REIT   

Partners REIT is a growth-oriented real estate investment trust, which currently owns (directly or indirectly) eleven retail properties, well-located in Ontario and Quebec, aggregating approximately 1.2 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.

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) 940-5500
    (866) 672-8836 (FAX)
    Partners Real Estate Investment Trust
    Dionne Barnes
    Chief Financial Officer
    (250) 940-5500
    (866) 672-8836 (FAX)