From the Wires
Northwest International Healthcare Properties REIT announces monthly distribution
By: PR Newswire
Nov. 22, 2012 10:10 AM
TORONTO, Nov. 22, 2012 /CNW/ - NorthWest International Healthcare Properties REIT (the "REIT") announced today that it has declared a distribution of $0.025413 per trust unit (TSX-V: MOB.UN) for the month of November 2012. The distribution reflects the regular monthly distribution of $0.013333 per unit plus an additional one-time adjustment of $0.012080 to give effect to the change in the distribution rate from October 1, 2012. This distribution reflects the recently announced change in the annual distribution rate to $0.16 per unit per annum effective October 1, 2012 concurrent with the previously announced acquisition of international healthcare real estate assets and the disposition of its Canadian portfolio. The distribution will be paid on December 17, 2012 to unitholders of record as at November 30, 2012.
NorthWest International Healthcare Properties REIT is an unincorporated, open-ended real estate investment trust established under the laws of the Province of Ontario. The REIT's objectives are to: (i) provide its unitholders with stable and growing cash distributions from investments focused on healthcare properties, on a tax efficient basis; (ii) enhance the value of the REIT's assets and maximize long-term unit value; and (iii) expand the asset base of the REIT.
This news release contains "forward-looking statements" within the meaning of applicable securities laws. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations, including the ability of the REIT to pay the distribution on the date specified. The statements in this news release are made as of the date of this release. Although the REIT believes that the assumptions inherent in the forward-looking statements are reasonable, forward-looking statements are not guarantees of future performance and, accordingly, readers are cautioned not to place undue reliance on such statements due to the inherent uncertainty therein. A discussion of the risk factors applicable to the REIT is contained under the heading "Risk Factors" in the REIT's management information circular dated October 5, 2012, a copy of which may be obtained on the SEDAR website at www.sedar.com.
Neither the TSX Venture Exchange Inc. nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) has approved or disapproved the contents of this press release.
SOURCE NorthWest International Healthcare Properties REIT
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