TSX-V: MOB.UN
TORONTO,
March 18, 2015 /CNW/ - NorthWest
International Healthcare Properties REIT (the "REIT") announced
today that it has declared a distribution of $0.018333 per trust unit (TSX-V: MOB.UN) for the
month of March 2015.
The distribution will be paid on April 15, 2015 to unitholders of record as at
March 31, 2015.
Eligible unitholders that elect to participate in
the REIT's distribution reinvestment plan (the "DRIP") will have
their cash distributions used to purchase units of the REIT and
will also receive a "bonus distribution" of units equal in value to
3% of each distribution. Unitholders wishing to participate should
contact their investment advisors to enroll in the DRIP.
Effective March 16,
2015, 60,275 trust units were issued pursuant to the DRIP,
none of which will be issued to trustees or officers of the
REIT.
About NorthWest International Healthcare
Properties Real Estate Investment Trust
The REIT is an unincorporated, open-ended real
estate investment trust established under the laws of the Province
of Ontario. The REIT's objectives
are to: (i) provide its unitholders with stable and growing cash
distributions from investments focused on international healthcare
properties, on a tax efficient basis; (ii) enhance the value of the
REIT's assets and maximize long-term unit value; and (iii) expand
the asset base of the REIT.
Neither the TSX Venture Exchange Inc. nor its
Regulation Services Provider (as that term is defined in policies
of the TSX Venture Exchange) has approved or disapproved the
contents of this press release.
Reader Advisory
This news release contains "forward-looking
statements" within the meaning of applicable securities laws. These
forward-looking statements are subject to a number of risks and
uncertainties that could cause actual results or events to differ
materially from current expectations, including the ability of the
REIT to pay the distribution on the date specified. The statements
in this news release are made as of the date of this release.
Although the REIT believes that the assumptions inherent in the
forward-looking statements are reasonable, forward-looking
statements are not guarantees of future performance and,
accordingly, readers are cautioned not to place undue reliance on
such statements due to the inherent uncertainty therein. A
discussion of the risk factors applicable to the REIT is contained
under the heading "Risk Factors" in the REIT's annual information
form dated March 10, 2015, audited
consolidated financial statements and management's discussion and
analysis for the year ended December 31,
2014, copies of which each may be obtained on the SEDAR
website at www.sedar.com.
SOURCE NorthWest International Healthcare Properties REIT