/NOT FOR DISTRIBUTION IN THE U.S. OR OVER U.S.
NEWSWIRES/
TORONTO, March 15,
2022 /CNW/ - True North Commercial Real Estate
Investment Trust (TSX: TNT.UN) (the "REIT") today announced
its March 2022 monthly cash
distribution in the amount of $0.0495
per trust unit ("Unit"), payable on April 19, 2022 to holders of Units of record at
March 31, 2022.
Eligible investors registered in the DRIP will have their
monthly cash distributions used to purchase additional Units, at a
1% 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 46 properties consisting of approximately 4.8
million square feet in urban and select strategic secondary markets
across Canada. The REIT is focused
on growing its portfolio principally through acquisitions across
Canada and such other
jurisdictions where opportunities exist.
For more information regarding the REIT, please visit
www.sedar.com or the REIT's website at
www.truenorthreit.com.
SOURCE True North Commercial Real Estate Investment Trust