Dream Alternatives Announces First Accretive Renewable Power Acquisitions, Accretive Loan Investments & Approval of September 2014 Distribution

TORONTO, ONTARIO--(Marketwired - July 29, 2014) -

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Dream Hard Asset Alternatives Trust (TSX:DRA.UN) ("Dream Alternatives" or the "Trust") announced today that it has agreed to make its first renewable power investments which are expected to generate over a 12% return on $20.1 million of invested equity. In addition, the Trust has agreed to advance approximately $30.0 million of new mortgages which will generate interest in the range of 6.0% to 10.0% on an annual basis. All of the transactions are expected to be accretive to the Trust's current cash flows, and are in line with the stated portfolio strategy and objectives of the Trust.

The Trust also announced that the Board of Trustees has appointed Mr. David Kaufman as Chair of the Board effective immediately and has declared a monthly distribution of $0.0333 per unit payable on September 15, 2014 to the unitholders of record on August 29, 2014.

"We believe the Trust is on track or better than what we modeled in our underwriting prior to the closing of the reorganization. We are pleased with the assets that have been transferred to Dream Alternatives," said Michael Cooper, Portfolio Manager. "We are actively pursuing opportunities to repatriate capital from existing investments in order to re-invest the proceeds in hard asset alternative investments that we believe will increase the Trust's cash flow and value."

Details on the Renewable Power Acquisition

The Trust has conditionally agreed to acquire interests into two Ontario rooftop solar projects and two Nova Scotia community wind projects owned or arranged by its asset manager, Dream Asset Management Corp. ("DAM") at its out-of-pocket cost. To date, DAM has invested $4.7 million of equity and $1.6 million in letters of credit in these projects. The total equity investment required by the Trust for this portfolio of renewable power projects (including the $4.7 million) is expected to be $20.1 million, which will be substantially funded by December 2014. The transaction has been conditionally approved by the Board of Trustees of Dream Alternatives provided that the Trust receives independent valuations for these renewable power projects confirming that the current fair market value of these projects are at least equal to the cost provided by DAM.