Dundee Industrial

Documents
(SEDAR filing: 26 September 2012) Final prospectus for for IPO of Dundee Industrial REIT (the "REIT") (1677 K). Wilson/Torys
Summaries
Summary Under
Tax Topics - Public Transactions - Other - DRIPs - Bonus Unit Plans
IPO of Dundee Industrial REIT
Distributions

Based on an anticipated AFFO payout ratio of 90%, it is anticipated that 100% and 55% of 2012 and 2013 monthly distributions, respectively, will be tax deferred. Participants electing to receive cash distributions in units under the distribution reivestment and unit purchase plan will receive a further "bonus" distribution equal to 3% of the amount of each reinvested distribution - which also will be reinvested.

Amounts received in excess of REIT income, including the further bonus distribution received under the DRIP, will not be included in a unitholder's income for Canadian tax purposes.

Full summary under Offerings - Domestic REITs.