TORONTO, Oct. 18, 2018 (GLOBE NEWSWIRE) -- WPT Industrial Real Estate Investment Trust (the
“REIT”) (TSX: WIR.U) (OTCQX: WPTIF) announced today that its Board of Trustees has declared a cash distribution
for the month of October 2018 of US$0.0633 per unit. The distribution will be payable on November 15, 2018 to unitholders of record
as of the close of business on October 31, 2018.
Distributions paid to Canadian unitholders (and other non-U.S. unitholders) generally will be subject to U.S.
withholding tax. For a general summary of the taxation of distributions paid to Canadian unitholders, including information
regarding U.S. withholding tax, please see the “Certain Canadian Federal Income Tax Considerations”, “Certain U.S. Federal Income
Tax Considerations” sections of the REIT’s prospectus dated April 18, 2013, and “Risk Factors – Tax-Related Risks” in the REIT’s
annual information form for the year ended December 31, 2017, copies of which are available on the SEDAR website at www.sedar.com. Additional tax information regarding the REIT’s distributions is also
available on the REIT’s website at www.wptreit.com. Unitholders should consult their own tax advisors for advice with respect
to the tax consequences of receiving a distribution from the REIT in their own circumstances.
About WPT Industrial Real Estate Investment Trust
WPT Industrial Real Estate Investment Trust is an unincorporated, open-ended real estate investment trust
established pursuant to a declaration of trust under the laws of the Province of Ontario. The REIT was formed for the purpose of
acquiring, developing and owning primarily industrial investment properties located in the United States, with a particular focus
on warehouse and distribution industrial real estate. As at June 30, 2018, WPT Industrial, LP (the REIT’s operating subsidiary)
indirectly owned a portfolio of properties consisting of approximately 18.1 million square feet of gross leasable area, comprised
of 54 industrial properties and one office property located in 15 states in the United States.
For further information, please contact:
Scott Frederiksen, Chair and Chief Executive Officer
WPT Industrial REIT
Tel: (612) 800-8501
