PROREIT announces April 2014 distribution
/NOT FOR DISSEMINATION IN THE UNITED STATES OR DISTRIBUTION THROUGH UNITED STATES NEWS OR WIRE SERVICES./
Montréal, April 21, 2014 /CNW/ - PRO Real Estate Investment Trust ("PROREIT" or the "REIT") (TSXV: PRV.UN) announced today that a cash distribution of $0.0175 per trust unit of the REIT ("Units") for the month of April, 2014 will be payable on May 15, 2014 to unitholders of record as at April 30, 2014.
Unitholders can participate in PROREIT's distribution reinvestment plan (the "DRIP"). Eligible investors registered in the DRIP will have their monthly cash distributions used to purchase Units issued from treasury and will also receive bonus Units equal in value to 3% of their monthly cash distributions. Complete details of the DRIP are available from a unitholder's investment advisor.
PROREIT (www.proreit.com) is an unincorporated open-ended real estate investment trust established in March, 2013 pursuant to a declaration of trust under the laws of the Province of Ontario to own a portfolio of diversified commercial real estate properties in Canada, with a focus on primary and secondary markets in Québec, Atlantic Canada and Ontario. The current portfolio is comprised of nine properties with approximately 400,000 square feet of commercial gross leasable area.
SOURCE Pro Real Estate Investment TrustFor further information: PRO Real Estate Investment Trust, James W. Beckerleg, President and Chief Executive Officer, 514-933-9552; PRO Real Estate Investment Trust, Gordon G. Lawlor, CA, Chief Financial Officer, 514-933-9552