PADLOCK PARTNERS UK FUND III ANNOUNCES DISTRIBUTIONS FOR 2nd QUARTER OF CALENDAR YEAR 2024

 /NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/

TORONTO, July 15, 2024 /CNW/ - Padlock Partners UK Fund III (the "Trust") announced today that its Board of Trustees has declared a cash distribution for the first quarter of the calendar year of 2024. The distribution will be payable on July 15, 2024, to unitholders of record as of the close of business on June 30, 2024. The distribution amounts will be as follows:

• C$0.14858 per Class A Unit
  
  
• C$0.15331 per Class F Unit
  
  
• GBP£0.13290 per Class U Unit

About Padlock Partners UK Fund III

The Trust is an unincorporated investment trust and was established for the primary purpose of investing in a diversified portfolio of income producing commercial real estate properties in the United Kingdom with a focus on self-storage properties. Currently, the Trust has five operating self-storage properties in Brighton, Watford, Woking, Southend and Seaford.

SOURCE Padlock Partners UK Fund III

For further information, contact: John Stevenson, Chief Executive Officer, Padlock Partners UK Fund III, [email protected]; Matthew Collins, Chief Financial Officer, Padlock Partners UK Fund III, [email protected]