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NorthWest Healthcare Properties Real Estate Investment Trust Announces Implementation of Distribution Reinvestment Plan
TORONTO, Aug. 27, 2010 (Canada NewsWire via COMTEX) -- NorthWest Healthcare Properties Real Estate Investment Trust (TSX: NWH.UN) (the "REIT") announced today that the Trustees of the REIT have approved and implemented a distribution reinvestment plan (the "DRIP") that takes effect with the distribution of $0.06667 per unit that is payable on September 15, 2010 to those unitholders of record on August 31, 2010 who enroll in the DRIP. Participants in the DRIP will have their cash distributions used to purchase units of the REIT and will also receive a "bonus distribution" of units equal in value to 3% of each distribution. Unitholders wishing to participate should contact their investment advisors to enroll in the DRIP.
About NorthWest Healthcare Properties Real Estate Investment TrustNorthWest Healthcare Properties Real Estate Investment Trust is an unincorporated, open-ended real estate investment trust established under the laws of the Province of Ontario. The REIT holds a portfolio of 46 income-producing properties, with a focus on medical office buildings and healthcare real estate, comprising approximately 2.8 million square feet of gross leasable area located in British Columbia, Alberta, Ontario, Québec, Nova Scotia and New Brunswick.
This press release contains forward-looking statements which reflect the REIT's current expectations regarding future events. The forward-looking statements involve risks and uncertainties. Actual results could differ materially from those projected herein. The REIT disclaims any obligation to update these forward-looking statements.
SOURCE: NorthWest Healthcare Properties Real Estate Investment Trust
Mike Brady, Senior Vice President, NorthWest Healthcare Properties Real Estate Investment Trust (416) 366-2000 ext. 243, or www.nwhp.ca