Mr. Daniel Drimmer reports

TRUE NORTH COMMERCIAL REIT ANNOUNCES APRIL 2021 DISTRIBUTION

True North Commercial Real Estate Investment Trust has declared its April, 2021, monthly cash distribution in the amount of 4.95 cents per trust unit, payable on May 17, 2021, to holders of units of record at April 30, 2021.

Eligible investors registered in the DRIP will have their monthly cash distributions used to purchase additional units, at a 1-per-cent discount to the weighted average closing price of the units, for the five trading days immediately preceding the date of distribution declared by the REIT. No assurances can be made that new units will be made available under the DRIP on a regular basis, or at all. The DRIP provides an efficient and cost-effective way for the REIT to issue additional equity to existing unitholders.

About True North Commercial Real Estate Investment Trust

The REIT is an unincorporated, open-ended real estate investment trust established under the laws of the Province of Ontario. The REIT currently owns and operates a portfolio of 46 properties consisting of approximately 4.8 million square feet in urban and select strategic secondary markets across Canada. The REIT is focused on growing its portfolio principally through acquisitions across Canada and such other jurisdictions where opportunities exist.