True North Commercial Real Estate Investment Trust at its annual and special meeting of unitholders on June 18, 2013, approved election of Daniel Drimmer as trustee of the trust.

The trust also announced a cash distribution of $0.02475 for the period from June 1, 2013 to June 28, 2013. The distribution will be payable on July 15, 2013 to unitholders of record as at June 28, 2013.