Morguard Real Estate Investment Trust Announces Special Distribution

MISSISSAUGA, ON, Dec 17, 2021 / CNW / – Morguard Real Estate Investment Trust (the “Trust”) (TSX: MRT.UN) announced today that it has made a special distribution of $ 0.115 per unit. The distribution is made in units ($ 0.10 per unit) and cash ($ 0.015 per unit) to all registered unitholders as of December 31, 2021.

The special distribution is made primarily to distribute capital gains from an asset sale that the Trust has realized during the past twelve month period to the shareholders of the Trust (the “Shareholders”) December 31, 2021. The net cash received from the transactions will be reinvested in capital projects and value creation opportunities in line with the trust’s strategy.

The amount of special distribution payable in shares of the Trust (the “Shares”) will be made at the close of business on. paid off December 31, 2021 solely by issuing additional Shares which have a fair market value equal to the dollar amount of the special distribution payable in Shares and which is based on the closing price of the Shares on the Toronto Stock Exchange on. based December 31, 2021. Immediately after the special distribution, the outstanding shares of the trust will be consolidated so that each unitholder will hold the same number of units after the consolidation as that unitholder held prior to the special distribution. The remaining part of the special distribution will be paid out in cash on January 14, 2022.

The Trust advises that the foregoing comments do not constitute and should not be construed as providing legal or tax advice to Shareholders. The Trust recommends that Shareholders consult their own tax advisers regarding the income tax consequences of this anticipated dividend and the associated pooling of shares for them.

About Morguard Real Estate Investment Trust

The trust is a closed-end real estate investment trust that owns a diversified portfolio of 46 high quality retail, office and industrial properties Canada consisting of around 8.3 million square meters of lettable space.

Visit Morguard.com for more information.

SOURCE Morguard Real Estate Investment Trust

For more information: Morguard Real Estate Investment Trust, K. Rai Sahi, President and Chief Executive Officer, T 905-281-4800; Andrew Tamlin, Chief Financial Officer, T 905-281-4800

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http://www.morguardreit.com