WPT Industrial REIT

August 18, 2017 10:02 ET

WPT Industrial Real Estate Investment Trust Announces August 2017 Distribution

TORONTO, ON--(Marketwired - August 18, 2017) - WPT Industrial Real Estate Investment Trust (the "REIT") (TSX: WIR.U) (OTCQX: WPTIF) announced today that its Board of Trustees has declared a cash distribution for the month of August 2017 of US$0.0633 per unit. The distribution will be payable on September 15, 2017 to unitholders of record as of the close of business on August 31, 2017.

Distributions paid to Canadian unitholders (and other non-U.S. unitholders) generally will be subject to U.S. withholding tax. For a general summary of the taxation of distributions paid to Canadian unitholders, including information regarding U.S. withholding tax, please see the "Certain Canadian Federal Income Tax Considerations", "Certain U.S. Federal Income Tax Considerations" sections of the REIT's prospectus dated April 18, 2013, and "Risk Factors - Tax-Related Risks" in the REIT's annual information form for the year ended December 31, 2016, copies of which are available on the SEDAR website at Additional tax information regarding the REIT's distributions is also available on the REIT's website at Unitholders should consult their own tax advisors for advice with respect to the tax consequences of receiving a distribution from the REIT in their own circumstances.

About WPT Industrial Real Estate Investment Trust

WPT Industrial Real Estate Investment Trust is an unincorporated, open-ended real estate investment trust established pursuant to a declaration of trust under the laws of the Province of Ontario. The REIT has been formed to own and operate an institutional-quality portfolio of primarily industrial properties located in the United States, with a particular focus on warehouse and distribution industrial real estate. WPT Industrial, LP (the REIT's operating subsidiary) indirectly owns a portfolio of properties consisting of approximately 16.4 million square feet of gross leasable area, comprised of 49 industrial properties and one office properties located in 13 states within the United States.

Contact Information

  • For further information, please contact:

    Scott Frederiksen
    Chair and Chief Executive Officer

    WPT Industrial REIT
    Tel: (612) 800-8501
    Fax: (612) 800-8535