Canada NewsWire
TORONTO, July 15, 2016
/NOT FOR DISTRIBUTION IN THE U.S. OR OVER U.S. NEWSWIRES/
TORONTO, July 15, 2016 /CNW/ - True North Commercial Real
Estate Investment Trust (TSX: TNT.UN) (the "REIT") today announced a cash distribution of $0.0495 per trust unit ("Unit") for the period from July 1, 2016 and ending July 29, 2016. The distribution will be payable on August 15, 2016 to unitholders
of record as at July 29, 2016.
Unitholders can participate in the REIT's unitholder Distribution Reinvestment Plan ("DRIP"). Eligible investors
registered in the DRIP will have their monthly cash distributions used to purchase additional Units, at a 3% discount to the
weighted average closing price of the Units, for the five trading days immediately preceding the date of distribution declared by
the REIT. No assurances can be made that new Units will be made available under the DRIP on a regular basis, or at all. The DRIP
provides an efficient and cost-effective way for the REIT to issue additional equity to existing unitholders.
About the REIT
The REIT is an unincorporated, open-ended real estate investment trust established under the laws of the Province of
Ontario. The REIT currently owns and operates a portfolio of 25 commercial properties consisting
of approximately 1.4 million square feet in secondary markets across Canada.
The REIT is focused on growing its portfolio principally through acquisitions across Canada and
such other jurisdictions where opportunities exist. Additional information concerning the REIT is available at www.sedar.com or the REIT's website at www.truenorthreit.com.
SOURCE True North Commercial Real Estate Investment Trust
