Whiterock REIT Declares June, July and August 2010 Distribution

TSX - WRK.UN

TORONTO, June 21 /CNW/ - Whiterock Real Estate Investment Trust ("Whiterock"), a growth oriented REIT with a significant presence in major markets and a high quality long-term leased revenue stream, announced today its Board of Trustees has moved to a policy of approving its distribution in advance on a quarterly basis. Whiterock will continue to pay distributions to Unitholders on a monthly basis. In this regard, Whiterock also announced today that it has declared its distribution for the months of June, July and August 2010 as per the following schedule:

    
    Month         Record Date       Distribution Date    Distribution Amount
    -----         -----------       -----------------    -------------------
    June 2010     June 30, 2010     July 15, 2010        $0.14025
    July 2010     July 31, 2010     August 14, 2010      $0.14025
    August 2010   August 31, 2010   September 15, 2010   $0.14025
    

These distributions represent an annualized yield of approximately 12.0% based on the June 18, 2010 Unit closing price of $14.05.

At the close of business on June 18, 2010, Whiterock had 16,163,267 Units issued and outstanding.

Reinvestment Program

Whiterock's Distribution Reinvestment Plan allows Unitholders to purchase additional Units using their distributions, without brokerage fees, at 96% of the volume weighted average trading price for the ten days immediately preceding a distribution payment date. The enrolment form and further details are available at www.whiterockreit.ca/drip.html.

The Toronto Stock Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

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For further information: www.whiterockreit.ca, Frank Bucys, CFO, 416-907-4864; Jennifer Kosloski, Controller, 416-979-3026