Fibra Uno Announces Advance of Taxable Income Distribution

MEXICO CITY, Aug. 11, 2011 /PRNewswire/ --  Fibra Uno (BMV: FUNO11) ("Fibra Uno" or "Trust F/1401"), Mexico's first real estate investment trust, announces that it paid today the advance distribution of taxable income to the holders of its Certificados Bursatiles Fiduciarios (CBFIs) in the amount of Ps. 127.68 million, or Ps. 0.3021 for each of its 422,575,223 CBFIs. This distribution corresponds to the Trust's performance between April 1, 2011 to June 30, 2011. Of the total distribution of Ps. 0.3021 per CBFI, Ps.0.0918 corresponds to return of capital and Ps.0.2103 corresponds to income.

"We are pleased to share the returns corresponding to our second quarter with CBFI holders," said Andre El-Mann, CEO of Fibra Uno. "Distributions are a key part of our business model and we look forward to making further distributions in the future."

Under Mexican law, Fibra Uno must pay out at least 95% of its annual net taxable income to CBFI holders at least once a year. Fibra Uno announced the distribution in its second quarter earnings report, after it was approved by the Trust's Technical Committee.

About Fibra Uno

Fibra Uno is a Mexican trust formed primarily to acquire, own, develop and operate a broad range of commercial real estate in Mexico, including industrial, retail, office, mixed-use and other properties. Our objective is to return value to the holders of our CBFIs through distribution of our net taxable income. We intend to selectively assemble a diversified portfolio of high-quality, well-located, income-producing commercial properties in Mexico. The Trust began trading on the Mexican stock exchange on March 18, 2011. Currently, it has 17 properties in central and southern Mexico, with an approximate GLA of 693,829 square meters. Long-term, Fibra Uno has a pipeline of properties which it plans to buy and lease as a source of recurring, reliable income. Under Mexican law, at least 70% of a Fibra's assets must be invested in or derived from real estate, among other requirements. In addition, a Fibra must also distribute at least 95% of its net taxable income to investors at least once a year. This, combined with the attractive fundamentals of Mexico's real-estate market and a seasoned management team, make Fibra Uno a unique and compelling investment story. Fibra Uno is an internally managed by F1 Management, S.C. and externally advised by Fibra Uno Administracion S.A. de C.V., a Mexican real estate operator with a management with more than 30 years of experience in the Mexican real estate market. Fibra Uno seeks to increase its portfolio, return income and create value for its investors and contribute to the development of Mexico's real estate sector.

SOURCE Fibra Uno