Sustainable Real Estate Dividend Fund Announces Distributions and Confirms Redemption Effective Date of March 27, 2024

TORONTO, Jan. 22, 2024 (GLOBE NEWSWIRE) -- Sustainable Real Estate Dividend Fund (TSX: MSRE.UN) (the "Fund") is pleased to announce that distributions for the first quarter of 2024 will be payable to unitholders of Middlefield Sustainable Real Estate Dividend Fund as follows:

On January 10, 2024, the Fund issued a press release (the "Press Release") announcing its merger into Middlefield Real Estate Dividend ETF on or about May 16, 2024 (the "Merger"). Prior to the Merger, unitholders of the Fund will have the right to redeem their Fund units in accordance with the Fund's Declaration of Trust with an effective redemption date as of March 27, 2024 (the "Redemption Date"). The Press Release incorrectly referred to the Redemption Date as being March 28, 2024. Unitholders who participate in the redemption will not be eligible for the distribution payable on April 15, 2024. The Press Release also incorrectly referred to the merger date as on or about May 16, 2023, rather than on or about May 16, 2024.

The trust units trade on the Toronto Stock Exchange under the symbol MSRE.UN.

Middlefield

Founded in 1979. Middlefield is a specialist equity income asset manager headquartered in Toronto, Canada. Our investment team utilizes active management to select high-quality, global companies across a variety of sectors and themes. Our product offerings include proven dividend-focused strategies that span real estate, healthcare, innovation, infrastructure, energy, diversified income and more. We offer these solutions in a variety of product types including ETFs, Mutual Funds, Closed-End Funds, Split-Share Funds and Flow-through LPs.

For further information, please visit our website at www.middlefield.com or contact Nancy Tham in our Sales and Marketing Department at 1.888.890.1868.

This press release contains forward-looking information. The forward-looking information contained in this press release is based on historical information concerning distributions and dividends paid on the securities of issuers historically included in the portfolio of the Fund. Actual future results, including the amount of distributions paid by the Fund, may differ from the monthly distribution amount. Specifically, the income from which distributions are paid may vary significantly due to: changes in portfolio composition; changes in distributions and dividends paid by issuers of securities included in the Fund's portfolio from time to time; there being no assurance that those issuers will pay distributions or dividends on their securities; the declaration of distributions and dividends by issuers of securities included in the portfolio will generally depend upon various factors, including the financial condition of each issuer and general economic and stock market conditions; the level of borrowing by the Fund; and the uncertainty of realizing capital gains. The risks, uncertainties and other factors that could influence actual results are described under "Risk Factors" in the Fund's prospectus and other documents filed by the Fund with the Canadian securities regulatory authorities. The forward-looking information contained in this press release constitutes the Fund's current estimate, as of the date of this press release, with respect to the matters covered hereby. Investors and others should not assume that any forward-looking statement contained in this press release represents the Fund's estimate as of any date other than the date of this press release.