Edgefront Real Estate Investment Trust Announces Strong Q2 Results, Trustee Changes, Distributions, and Update on Acquisition - Seite 3

Earnings Call

Kelly Hanczyk, President and Chief Executive Officer of the REIT, and Robert Chiasson, Chief Financial Officer, will host a conference call at 1:00 PM Eastern Standard Time on Thursday August 18, 2016 to review the financial results and operations.

To participate in the conference call, please dial 416-340-2216 or 1-866-223-7781 (toll free in Canada and the US) and ask to join the Edgefront REIT conference call.

A recording of the conference call will be available until September 1, 2016. To access the recording, please dial 905-694-9451 or 1-800-408-3053 (toll free in Canada and the US) and enter passcode 1161455.

Board of Trustee Changes

Mr. Robert Dickson is stepping down as a trustee of the REIT to focus on other ventures. Rob led our audit committee since joining the REIT's board of trustees in January 2014, and has been invaluable to the REIT in its early stages of development. We thank Rob for the wisdom and guidance he's provided both as Audit Committee Chair and as a board member, and we wish him nothing but the very best.

Brad Cutsey, President of Interrent REIT, will join the board of trustees as audit committee chair, bringing 18 years of real estate and capital markets experience to the REIT. Prior to his current role, Mr. Cutsey held the position of Managing Director and Head of Real Estate Investment Banking with Dundee Capital Markets. He is a Chartered Financial Analyst and brings a wealth of knowledge and experience to the Board.

"I am pleased to announce that Brad Cutsey will be joining the Edgefront Board of Trustees as Audit Committee Chair. Brad is uniquely familiar with our story, was instrumental in the creation of the REIT in January 2014, and will be a valuable asset as we continue to grow. I'd also like to express my sincere thanks to Rob Dickson for the valuable contributions he has made to the REIT," stated Kelly Hanczyk.

August and September 2016 Distributions

The REIT will make a cash distribution in the amount of $0.01333 per unit, representing $0.16 on an annualized basis, payable September 15, 2016 to unitholders of record as of August 31, 2016.

The REIT will also make a cash distribution in the amount of $0.01333 per unit, representing $0.16 per unit on an annualized basis, payable October 14, 2016 to unitholders of record as of September 30, 2016.

The REIT's current distribution per unit continues to be $0.01333 per month. The REIT's distribution reinvestment program ("DRIP") entitles eligible unitholders to elect to receive all, or a portion of the cash distributions of the REIT reinvested in units of the REIT. Eligible unitholders who so elect will receive a bonus distribution of units equal to 4% of each distribution that was reinvested by them under the DRIP.