Split REIT Opportunity Trust

Split REIT Opportunity Trust
First Asset

First Asset

April 21, 2009 08:00 ET

Split REIT Opportunity Trust: Press Release

TORONTO, ONTARIO--(Marketwire - April 21, 2009) - Split REIT Opportunity Trust (TSX:SOT.UN) announces that no distribution will be paid to Capital Unitholders for the month ending April 30, 2009.

The Manager will assess the ability to pay distributions, and the amount thereof, on a monthly basis, including consideration of the Preferred Security Test.

Consistent with the Manager's belief that the equity markets represent significant value at current levels, the Manager has commenced selectively deploying the Fund's cash position, which represented as much as approximately 43% of net assets during the market downturn, in high quality Real Estate Investment Trusts and expects to reduce the Fund's cash position to below 10% in the near future.

Contact Information

  • First Asset
    Rob MacNiven
    Investor Relations
    416-642-1289 or 1-877-642-1289
    www.firstasset.com