TORONTO, Dec. 20,
2024 /CNW/ - DRI Healthcare Trust (TSX: DHT.UN) (TSX:
DHT.U) (the "Trust"), a global leader in providing financing to
advance innovation in the life sciences industry, announces that in
accordance with the requirement for the Trust to distribute all of
its taxable income for the year, its Board of Trustees has declared
a special unit distribution of US$0.0237 per unit. The special unit distribution
will be made payable to unitholders of record at the close of
business on December 31, 2024. This
special unit distribution is in addition to the quarterly cash
distribution declared on November 6,
2024 of US$0.085 per unit.
Immediately after the issuance of such units in satisfaction of
the special unit distribution effective December 31, 2024, 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,
2024 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, 2024. For the avoidance of doubt, this unit
distribution will be a non-cash transaction.
The total amount of cash that will have been returned to the
Trust's unitholders through the quarterly distributions and the
normal course issuer bid in 2024 will be approximately US$23.1 million.
About DRI Healthcare Trust
The Trust is managed by DRI Capital Inc. ("DRI Healthcare"), the
pioneer in global pharmaceutical royalty monetization. Since its
initial public offering in 2021, the Trust has deployed more than
US$1.0 billion, acquiring more than
25 royalties on 20-plus drugs, including Eylea, Orserdu, Omidria,
Spinraza, Stelara, Vonjo, Zejula and Zytiga. The 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
