CALGARY, Jan. 30, 2019 /CNW/ – REIT INDEXPLUS Income Fund (the “Fund”) (TSX: IDR.UN) wishes to remind investors that the monthly cash distribution for January will be paid on February 6, 2019, prior to the upcoming merger of Global Real Estate Dividend Growers Corp. into the Fund (the “Merger”). In addition, as a result of the successful performance of the Fund, it is announcing a special distribution will be made to holders of record as at the close of business on February 5, 2019. Subject to a final review of the Fund’s taxable income prior to the Merger, it is expected that the special distribution will be approximately $0.35 per unit, which will be automatically reinvested in additional units to be determined based on the net asset value per unit as of February 5, 2019. Immediately following the issuance, the units of the Fund will be automatically consolidated such that the number of units will remain unchanged from the number outstanding immediately prior to the special distribution.

As previously announced, the Fund will be converting into an ETF in mid-February 2019, after which monthly distributions will be paid by Middlefield REIT INDEXPLUS ETF (TSX:IDR). As an ETF, units are expected to trade efficiently with tighter bid/ask spreads and closer to their net asset values.

The Fund’s units trade on the Toronto Stock Exchange under the symbol IDR.UN.

SOURCE REIT INDEXPLUS Income Fund