TORONTO, Dec. 20,
2023 /CNW/ - DRI Healthcare Trust (TSX: DHT.UN)
(TSX: DHT.U) (the "Trust"), today announced that, its Board of
Trustees has declared a special cash distribution in the amount of
US$0.2662 per trust unit. The special
cash distribution will be made payable to unitholders of record at
the close of business on December 31,
2023, and paid to such unitholders on January 19, 2024. This special cash distribution
is in addition to the quarterly cash distribution declared on
November 13, 2023 of US$0.075 per trust unit.
In accordance with the requirement for the Trust to distribute
all of its taxable income for the year, the Board of Trustees has
also declared a special unit distribution
of US$0.7640 per unit, payable to unitholders of record
at the close of business on December 31, 2023.
Immediately after the issuance of such units in satisfaction of the
special unit distribution effective December
31, 2023, the number of outstanding units of the Trust will
be consolidated such that the total number of units outstanding
will not change, and each unitholder will hold the same number of
units following such distribution as were held immediately prior.
Each unitholder of record on December 31, 2023, will be
entitled to add the amount of the special unit distribution to
their adjusted cost base of units of the Trust as at December
31, 2023.
About DRI Healthcare Trust
DRI Healthcare Trust is managed by DRI Capital Inc. ("DRI
Capital"), the pioneer in global pharmaceutical royalty
monetization with a more than 30-year history
of accelerating innovation by providing capital
to inventors, academic institutions and biopharma
companies. Since our founding in 1989, DRI Capital has deployed
more than US$2.5
billion, acquiring more than 70 royalties on 40-plus drugs,
including Eylea, Keytruda, Orserdu, Spinraza, Stelara,
Zejula and Zytiga. DRI Healthcare Trust's units are listed and
trade on the Toronto Stock Exchange in Canadian dollars under
the symbol "DHT.UN"
and in U.S. dollars under the symbol
"DHT.U". To learn more, visit
drihealthcare.com or follow us on LinkedIn.
SOURCE DRI Healthcare Trust