An anonymous trustee reports

MELCOR REIT ANNOUNCES OCTOBER DISTRIBUTION OF $0.04 PER UNIT

Melcor Real Estate Investment Trust's trustees have declared a cash distribution of four cents per unit for the month of October, 2023, that is unchanged from previous months.

The October distribution will be payable as set out in the attached table.

                          OCTOBER DISTRIBUTION

Month             Record date   Distribution date   Distribution amount

October, 2023   Oct. 31, 2023       Nov. 15, 2023        $0.04 per unit     

Melcor REIT results for the third quarter and period ended Sept. 30, 2023, are scheduled to be released on Nov. 2, 2023. Management will host a conference call at 11 a.m. ET (9 a.m. MT) on Nov. 3, 2023.

Q3 2023 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 after the call is concluded.

About Melcor Real Estate Investment Trust

Melcor REIT is an unincorporated open-ended real estate investment trust. Melcor REIT 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 38 properties representing approximately 3.1 million square feet of gross leasable area located across Alberta and in Regina, Sask., and Kelowna, B.C.

We seek Safe Harbor.