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Split REIT Opportunity Trust Announces Adjournment of Unitholder Meeting and Announces Monthly Distribution for the Month-Ending November 30, 2011

TORONTO, November 17, 2011 - Split REIT Opportunity Trust (the "Fund") (TSX: SOT.UN; SOT.PR.A) announces that the special meeting of the holders of Capital Units of the Fund called to consider the merger of the Fund with Criterion REIT Income Fund has been adjourned to Wednesday, November 30, 2011.

The Fund also announces a distribution for the month-ending November 30, 2011 of $0.045 per Capital Unit. The distribution is payable to holders of Capital Units of record on November 30, 2011, and will be paid on or before December 15, 2011. This distribution is the final distribution to be paid by the Fund on its Capital Units in advance of the Fund's termination on December 31, 2011.

For further information, please call Rob MacNiven, Investor Relations, First Asset at 416-642-1289 or 1-877-642-1289 or visit www.firstasset.com.