Pine Trail Real Estate Investment Trust announced that in order to protect the position of investors in the highly unusual times, the Company has elected to suspend its monthly distribution in an effort to insulate the company from the current financial crisis and conserve capital. This cautious approach should position the Company to be well situated when the crisis improves and to execute on plans in the near term.

The Company plans to issue a private placement Sukuk (Islamic Bond) offering backed by North American commercial real estate including medical office properties, amongst other economically insulated asset classes. Concurrent with the offering, the Company plans to announce additional acquisitions in the U.S. and Canada.