Ms. Nicole Forsythe reports

MELCOR REIT ANNOUNCES APRIL, MAY AND JUNE DISTRIBUTION OF $0.035 PER UNIT; ANNOUNCES Q1-2021 CONFERENCE CALL DETAILS

Melcor Real Estate Investment Trust's trustees have declared cash distributions of 3.5 cents per unit for the months of April, May and June, 2021, unchanged from previous months.

The April, May and June distributions will be payable as shown in the attached table.

Month         Record date      Distribution date  Distribution amount

April, 2021   April 30, 2021   May 17, 2021       $0.035 per unit    
May, 2021     May 31, 2021     June 15, 2021      $0.035 per unit    
June, 2021    June 30, 2021    July 15, 2021      $0.035 per unit    

Melcor REIT will release its results for the first quarter ended March 31, 2021, on May 4, 2021, after the market close. Management will host a conference call at 11 a.m. ET (9 a.m. MT) on Wednesday, May 5, 2021.

Q1 conference call

Toronto and area:  1-416-915-3239

Toll-free:  1-800-319-4610

Webcast and replay

The call will also be webcast (listen only). A replay of the call will be available shortly after the call is concluded.

About Melcor Real Estate Investment Trust

Melcor is an unincorporated, open-ended real estate investment trust. Melcor owns, acquires, manages and leases quality retail, office and industrial income-generating properties in Western Canada. Its portfolio is currently made up of interests in 39 properties, representing approximately 3.2 million square feet of gross leasable area, located across Alberta, and in Regina, Sask., and Kelowna, B.C.

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