Nova Net Lease REIT announced that it will pay monthly distributions in 2023 to its unitholders of USD 0.00225 per unit (being USD 0.027 per unit on an annualized basis) pursuant to the REIT's monthly distribution policy established by its board of trustees. Each distribution will be to unitholders of record as at the last day of the month (or, the prior business day if the last day of the month is not a business day), starting with January 31, 2023 and ending with December 29, 2023. The distributions will be paid on or about the 15th day of the following month (or, the next business day if the 15th day is not a business day), starting with February 15, 2023 and ending with January 15, 2024.

The overall distribution policy and distributions generally are subject to suspension, amendment or termination at any time.