On September 29, 2009, MPT announced a new distribution profile, effective January 2010, of $0.66 per unit on an annualized basis. MPT also announced its plan to convert into a high dividend-paying corporation prior to January 1, 2011, which we have determined is the most sensible approach for our investors.

“Together, these initiatives will accomplish three things,” said Michael Bernstein, MPT’s President and Chief Executive Officer. “First, we will continue to provide our investors with an attractive income stream through 2011 and beyond. Second, we’ll have the flexibility to redeploy cash, which will help to strengthen our financial position as well as our ability to pursue growth initiatives. And third, the Fund will have better access to capital while investors benefit from increased liquidity.”

Both as a trust and upon our conversion into a corporation, MPT’s goal is unchanged: to deliver steady income and a superior return to our investors.

MPT offers access to the unique and growing infrastructure investment class, which typically exhibits low volatility relative to the broader equity market. We have a strong platform of existing infrastructure assets that provide steady cash flow to investors. And we have significant opportunities to add more long-life, low-risk assets to our portfolio. The news release and event transcript are available on our website.

Did you know?

Based on the Fund’s new distribution level of $0.66 per unit annually, which will go into effect in January 2010, MPT’s units are currently trading at a pro-forma yield of approximately 10%.

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