TORONTO, March 16, 2020 (GLOBE NEWSWIRE) — WPT Industrial Real Estate Investment Trust (the âREITâ) (TSX: WIR.U; WIR.UN) (OTCQX: WPTIF) announced today that its Board of Trustees has declared a cash distribution for the month of March 2020 of US$0.0633 per unit. The distribution will be payable on April 15, 2020 to unitholders of record as of the close of business on March 31, 2020.
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 âCertain Canadian Federal Income Tax Considerationsâ, âCertain U.S. Federal Income Tax Considerationsâ sections of the REITâs prospectus dated April 18, 2013, and âRisk Factors â Tax-Related Risksâ in the REITâs most recently filed annual information form, copies of which are available on the SEDAR website at www.sedar.com. Additional tax information regarding the REITâs distributions is also available on the REITâs 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 acquires, develops, and manages industrial properties located in the United States, with a particular focus on warehouse and distribution properties. WPT Industrial, LP (the REITâs operating subsidiary) indirectly owns a portfolio of properties across 18 states in the United States consisting of approximately 23.1 million square feet of gross leasable area, comprised of 76 industrial properties.
For further information, please contact:
Scott Frederiksen, Chair and Chief Executive Officer
WPT Industrial REIT
Tel: (612) 800-8501