SOURCE: WPT Industrial REIT

WPT Industrial REIT

November 18, 2016 08:59 ET

WPT Industrial Real Estate Investment Trust Announces November 2016 Distribution

TORONTO, ON--(Marketwired - November 18, 2016) - 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 November 2016 of US$0.0633 per unit. The distribution will be payable on December 15, 2016 to unitholders of record as of the close of business on November 30, 2016.

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, 2015, copies of which are available on the SEDAR website at www.sedar.com. Additional tax information regarding the REIT's distributions is also available on the REIT's website at www.wptreit.com. 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 15.1 million square feet of gross leasable area, comprised of 46 industrial properties and two office properties located in 12 states within the United States.

Contact Information

  • For further information, please contact:

    Scott Frederiksen
    Chair and Chief Executive Officer
    WPT Industrial REIT
    Tel: (952) 897-7737
    Fax: (952) 842-7737