Edgefront Real Estate Investment Trust announces initial cash distributions
TORONTO AND CALGARY, Feb. 4, 2014 /CNW/ - Edgefront Real Estate Investment Trust (the "REIT") (TSXV: ED.UN) announced today its first cash distribution in the amount of $0.00742 per unit for the period from January 14, 2014 (being the closing date of the acquisition by the REIT of a portfolio of 10 industrial properties located in Western Canada) to January 31, 2014. The distribution will be payable on February 28, 2014 to unitholders of record as of February 14, 2014.
The REIT also announced today that it will make a further cash distribution in the amount of $0.01333 per unit, representing $0.16 per unit on an annualized basis, payable on March 14, 2014 to unitholders of record as of February 28, 2014.
The REIT has 19,750,000 units issued and outstanding.
About the REIT
Edgefront REIT is a growth oriented real estate investment trust focused on increasing unitholder value through the acquisition, ownership and management of industrial properties located in primary and secondary markets in North America, with an initial focus on Western Canada. Edgefront REIT currently owns a portfolio of 12 properties comprising approximately 470,000 square feet of rentable area.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
SOURCE Edgefront Real Estate Investment TrustFor further information:
Please contact Kelly C. Hanczyk, President and CEO at (416) 906-2379 or Rob Chiasson, CFO at (403) 817-9497.