Whiterock Real Estate Investment Trust
TSX : WRK.UN

Whiterock Real Estate Investment Trust

February 15, 2012 07:00 ET

Whiterock REIT Declares February Distribution

TORONTO, ONTARIO--(Marketwire - Feb. 15, 2012) - Whiterock Real Estate Investment Trust ("Whiterock" or the "REIT") (TSX:WRK.UN) announced that it declared its distribution for the month of February 2012, as per the following:

Month Record Date Distribution Date Distribution Amount
February 2012 February 29, 2012 March 15, 2012 $0.0935

This distribution represents an annualized yield of approximately 6.9% based on Whiterock's closing unit price on the TSX of $16.19 on February 14, 2012. Historically, 100% of Whiterock's distributions have been classified as a return of capital for Canadian tax purposes.

At the close of business on February 14, 2012, Whiterock had 36,299,504 units issued and outstanding.

Distribution Reinvestment Plan

Whiterock also announced that in light of the previously announced transaction agreement entered into between Whiterock and Dundee Real Estate Investment Trust, Whiterock will suspend, effective immediately, the operation of its distribution reinvestment plan (the "DRIP"). As a result, the declared distribution of $0.0935 per unit of Whiterock for the month of February 2012, which will be paid on March 15, 2012 to unitholders of record as at February 29, 2012, will not be eligible for reinvestment pursuant to the DRIP.

About Whiterock REIT

Whiterock REIT is a growth-oriented diversified commercial REIT with a wholly-owned and co-owned aggregate real estate portfolio that totals approximately 10.8 million square feet of gross leasable area across 88 properties, geographically diversified across 8 Canadian provinces and 2 U.S. states.

Contact Information

  • Whiterock Real Estate Investment Trust
    Jason Underwood
    CEO
    (416) 907-4861

    Whiterock Real Estate Investment Trust
    Kursat Kacira
    CFO
    (416) 572-0427
    www.whiterockreit.ca