HALIFAX, Feb. 16, 2012 /CNW/ - Killam Properties Inc. ("Killam") (TSX:
KMP) is pleased to announce that its Board of Directors has declared a
dividend pursuant to Killam's monthly dividend policy. The dividend of
$0.04833 per common share will be paid on March 15, 2012 to
shareholders of record on February 29, 2012.
Killam offers a Dividend Reinvestment Plan (the "DRIP"). The DRIP
provides eligible shareholders with the opportunity to reinvest their
cash dividends, on each dividend payment date, in additional common
shares. Participating shareholders will also receive an additional
distribution of common shares representing 3% of the amount of the
dividend reinvested pursuant to the Plan.
Killam Properties Inc., based in Halifax, Nova Scotia, is one of
Canada's largest residential landlords, owning, operating and
developing multi-family apartments and manufactured home communities.
Note: The Toronto Stock Exchange has neither approved or disapproved of
the information contained herein.
SOURCE KILLAM PROPERTIES INC.
For further information:
Killam Properties Inc.
Vice President, Investor Relations & Corporate Planning