Business & Finance
Business and Finance
Business and Finance
Thu, January 19, 2012
Wed, January 18, 2012 
January 18, 2012 17:40 ET
Whiterock REIT Declares January Distribution
TORONTO, ONTARIO--(Marketwire - Jan. 18, 2012) - Whiterock Real Estate Investment Trust ("Whiterock" or the "REIT") (TSX:WRK.UN) announced that it declared its distribution for the month of January 2012, as per the following:
| Month | Record Date | Distribution Date | Distribution Amount | |||
| January 2012 | January 31, 2012 | February 15, 2012 | $0.0935 |
This distribution represents an annualized yield of approximately 7.0% based on Whiterock's closing unit price of $16.08 on January 17, 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 January 17, 2012, Whiterock had 35,926,551 units issued and outstanding.
Reinvestment Program
Whiterock's Distribution Reinvestment Plan ("DRIP") 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.
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.
