The Globe and Mail

Go to the Globe and Mail homepage

Jump to main navigationJump to main content

Globe Investor

News Sources

Take control of your investments with the latest investing news and analysis

Press release from CNW Group

NorthWest International Healthcare Properties REIT announces monthly distribution

Tuesday, January 22, 2013

NorthWest International Healthcare Properties REIT announces monthly distribution18:01 EST Tuesday, January 22, 2013TSX-V: MOB.UNTORONTO, Jan. 22, 2013 /CNW/ - NorthWest International Healthcare Properties REIT (the "REIT") announced today that it has declared a distribution of $0.013334 per trust unit (TSX-V: MOB.UN) for the month of January 2013.  This distribution reflects the recently announced change in the annual distribution rate to $0.16 per unit per annum effective October 1, 2012.  The distribution will be paid on February 15, 2013 to unitholders of record as at January 31, 2013.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 international 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.Reader AdvisoryThis 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 prospectus dated December 7, 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 Real Estate Investment TrustFor further information: Paul Dalla Lana, CEO, (416) 366-8300 x1001 Brian Wilson, CFO, (416) 366-8300 x1111