Business & Finance
Business and Finance
Business and Finance
Tue, October 18, 2011 Whiterock REIT Declares October, November, December 2011 Distributions
October 18, 2011 07:00 ET
Whiterock REIT Declares October, November, December 2011 Distributions
TORONTO, ONTARIO--(Marketwire - Oct. 18, 2011) - Whiterock Real Estate Investment Trust ("Whiterock") (TSX:WRK.UN) announced that it declared its distributions for the months of October, November, and December 2011 as per the following schedule:
| Month | Record Date | Distribution Date | Distribution Amount |
| October 2011 | October 31, 2011 | November 15, 2011 | $0.0935 |
| November 2011 | November 30, 2011 | December 15, 2011 | $0.0935 |
| December 2011 | December 29, 2011 | December 31, 2011 | $0.0935 |
These distributions represent an annualized yield of approximately 9.4% based on the October 17, 2011 Unit closing price of $11.95.
At the close of business on October 17, 2011, Whiterock had 33,935,623 Units issued and outstanding.
Reinvestment Program
Whiterock's Distribution Reinvestment Plan allows Unitholders to purchase additional Units using their distributions, without brokerage fees, at 96% of the volume weighted average trading price for the ten days immediately preceding a distribution payment date. Historically, 100% of Whiterock's distributions have been classified as a return of capital for Canadian tax purposes.
About Whiterock REIT
Whiterock REIT is a growth-oriented diversified commercial REIT with a wholly-owned, co-owned, and long-term leased aggregate real estate portfolio that totals over 10.1 million square feet of gross leasable area across 79 properties, geographically diversified across 8 Canadian provinces and 2 U.S. states.
