Melcor REIT Announces Special Distribution Payable by Issuance of Additional Trust Units

EDMONTON, Alberta, Dec. 20, 2024 (GLOBE NEWSWIRE) -- Melcor Real Estate Investment Trust (“Melcor REIT” or the “REIT”) today announced that a special non-cash distribution in the amount of $0.36 per outstanding trust unit was declared payable to unitholders of record as at December 31, 2024. The amount of the special distribution is equal to the REIT’s estimated taxable income and capital gains for the 2024 taxation year net of any deductions available to the REIT from cash distributions made in the year. The special distribution is intended to reduce the REIT’s taxable income for the 2024 taxation year to nil.

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