Cominar Real Estate Investment Trust Announces August 2010 Monthly Distribution
TSX - CUF.UN
QUEBEC CITY, Aug. 18 /CNW Telbec/ - Cominar Real Estate Investment Trust ("Cominar" or the "REIT") announced today a distribution of 12.0 cents per unit to unitholders of record as at August 31, 2010, payable on September 15, 2010.
PROFILE as at August 18, 2010
Cominar is the
largest commercial property owner in the Province of Québec. The REIT
owns a real estate portfolio of 243 high-quality properties, consisting
of 45 office, 51 retail and 147 industrial and mixed-use buildings that
cover a total area of over 19.5 million square feet in the Greater
Québec City, Montréal and Ottawa areas as well as in the Atlantic
provinces. Cominar's objectives are to deliver growing cash
distributions to its unitholders and to maximize unitholder value
through proactive management and the growth of its portfolio.
The REIT has a distribution reinvestment plan for its unitholders that allows participants to reinvest their monthly distributions in additional Trust units. Participants will be given the right to receive an effective discount of 5% of distributions to which they are entitled in the form of additional units. Additional information and enrolment forms are available at www.cominar.com.
For further information:
Michel Dallaire, P.Eng., President and Chief Executive Officer
Michel Berthelot, CA,Executive Vice President and Chief Financial Officer
Tel: (418) 681-8151
mdallaire@cominar.com
mberthelot@cominar.com