CIPREF Announces 10% Distribution Increase, Marking Continued Income Growth

CIPREF Increases Quarterly Distribution by 10%

CanFirst IncomePlus Real Estate Fund (“CIPREF”) is pleased to announce that as of the second quarter 2026, CIPREF is increasing the annual distribution rate by 10%. This is the fifth increase of the distribution rate since the Fund’s inception. The increase in the distribution rate is attributable to strong cash flow growth from rental increases and accretive acquisitions.

CIPREF has generated an 11% per annum net total return since inception. With annual returns ranging from 10%-13%, CIPREF offers an excellent return with low volatility in the alternative space. 

CIPREF has never gated, cut, or suspended distributions since inception.  That CIPREF can increase its distribution in this environment is a testament to the strength of the underlying investment strategy. 

CIPREF follows a simple strategy:

Buy well-situated properties that are leased to tenants with strong covenants on a long-term basis, using conservative leverage, to ensure that the acquisitions are accretive to the Fund

That’s it.

This past year, the Fund launched a partnership with a Canadian pension plan that has committed $220 million to co-invest alongside CIPREF; further testament to the confidence that we and our partners have in our strategy.   

Despite the negative news in the residential and office real estate sectors, we are seeing desirable industrial and commercial properties available for sale across Canada.  We are also seeing an increase in investing activity from some of the largest institutional investors, who had been largely dormant.  This is consistent with our view that there are opportunities in the market, and that all is not as dire as some would suggest.

Thank you again for your continued support and trust and we are excited to continue to grow the Fund while generating attractive risk-adjusted returns for our investors.