Business & Finance
Business and Finance
Business and Finance
Wed, February 15, 2012 
February 15, 2012 07:00 ET
Whiterock REIT Declares February Distribution
TORONTO, ONTARIO--(Marketwire - Feb. 15, 2012) - Whiterock Real Estate Investment Trust ("Whiterock" or the "REIT") (TSX:WRK.UN) announced that it declared its distribution for the month of February 2012, as per the following:
| Month | Record Date | Distribution Date | Distribution Amount | |||
| February 2012 | February 29, 2012 | March 15, 2012 | $0.0935 |
This distribution represents an annualized yield of approximately 6.9% based on Whiterock's closing unit price on the TSX of $16.19 on February 14, 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 February 14, 2012, Whiterock had 36,299,504 units issued and outstanding.
Distribution Reinvestment Plan
Whiterock also announced that in light of the previously announced transaction agreement entered into between Whiterock and Dundee Real Estate Investment Trust, Whiterock will suspend, effective immediately, the operation of its distribution reinvestment plan (the "DRIP"). As a result, the declared distribution of $0.0935 per unit of Whiterock for the month of February 2012, which will be paid on March 15, 2012 to unitholders of record as at February 29, 2012, will not be eligible for reinvestment pursuant to the DRIP.
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.
