Fibra Uno Announces Advance of Taxable Income Distribution

MEXICO CITY, Feb. 14, 2012 /PRNewswire/ -- Fibra Uno (BMV: FUNO11) ("Fibra Uno" or "Trust F/1401"),  Mexico's first real estate investment trust, announces that it paid today the distribution of taxable income to the holders of its Certificados Bursatiles Fiduciarios (CBFIs) in the amount of Ps. 155.8 million, or Ps.0.3689 for each of its 422,575,223 CBFIs.

This distribution corresponds to the Trust's performance between October 1, 2011 and December 31, 2011. Of the total distribution of Ps. 0.3689 per CBFI, Ps. 0.1647 corresponds to return of capital and Ps. 0.2042 corresponds to taxable income.

This distribution brings total distributions based on 2011 results to Ps. 457.7 million, or Ps. 1.08 per CBFI. Of this, Ps. 186.3 million, or Ps. 0.4410 per CBFI, corresponded to return of capital and Ps. 271.4 million, or Ps. 0.6422 per CBFI, corresponded to taxable income.

"We are pleased to share the returns corresponding to our fourth quarter with CBFI holders," said Andre El-Mann, CEO of Fibra Uno. "We have delivered consistent distributions based on our 2011 results and we look forward to sharing value with our CBFI holders in 2012."

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 706,214 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