DRIP

CT REIT has adopted a Distribution Reinvestment Plan (referred to as the "DRIP" or the "Plan") which provides eligible holders ("Holders") of trust units of CT REIT ("Units") with the opportunity to elect to have all or a portion of the cash distributions of CT REIT automatically reinvested in additional Units (at a price per Unit calculated by reference to the five day volume weighted average closing price of the Units on the Toronto Stock Exchange), and to receive additional Units equal to 3% of each distribution that was reinvested by them.

Computershare Trust Company of Canada ("Computershare") acts as agent for the participants under the Plan. If Computershare ceases to act as the agent under the Plan for any reason, another company will be designated by CT REIT to serve as the Plan agent and participants will be promptly notified of the change.

A registered Holder may enroll in the DRIP online through Computershare's self-service web portal at www.investorcentre.com or by downloading and completing a Reinvestment Enrollment Participant – Declaration Form and delivering it to Computershare.

Beneficial Holders who hold their Units through a CDS participant (such as a broker, investment dealer, financial institution or other nominee) cannot enroll directly in the DRIP via the Plan agent, but may participate in the DRIP through their CDS participant. Beneficial holders should consult their CDS participant to determine the procedures for participation in the DRIP.

Persons who are not resident in Canada for purposes of the Income Tax Act (Canada) are not permitted to participate in the DRIP.

A copy of the Plan and/or information about the Plan may be obtained at any time from the Plan agent's web portal at www.investorcentre.com or by calling toll-free 1-800-564-6253.