Stock Name: NPR.UN
Amount: CAD 0.1275
Announcement Date: 15/03/2012
Record Date: 28/03/2012
Dividend Detail:
CALGARY, March 15, 2012 /CNW/ - Northern Property Real Estate Investment
Trust ("NPREIT") (NPR.UN - TSX) announced its March 2012 monthly
distribution in the amount of $0.1275 per unit, payable on April
16,��2012 to unitholders of record at March 30, 2012.
As at the date hereof, there are 29,460,061 Trust Units (NPR.UN) issued
and outstanding and 67,796 Class B exchangeable limited partnership
units issued and outstanding.
Pursuant to an underwriting agreement dated March 6, 2012, NPREIT has
agreed to issue 2,000,000 additional Trust Units in a prospectus
offering.�� Closing of this offering is expected to occur on or about
March 23, 2012.�� The March 2012 monthly distribution will be payable on
Trust Units issued in this offering.�� NPREIT has also granted its
underwriters an over-allotment option to purchase up to 300,000
additional Trust Units within 30 days of closing of the prospectus
offering.
CAUTIONARY STATEMENTS REGARDING FORWARD-LOOKING STATEMENTS
This news release contains forward-looking statements relating to our
distributions and the closing of the proposed offering of Trust Units.��
These statements are not future guarantees of future performance and
involve risks and uncertainties that are difficult to control or
predict.�� Therefore, actual outcomes and results may differ materially
from those expressed in these forward-looking statements. Readers,
therefore, should not place undue reliance on any such forward-looking
statements.�� Further, a forward-looking statement speaks only as of the
date on which such statement is made.
For further information:
Mr. David Leiman, Chief Financial Officer
(403) 531-0720
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