BROSSARD, QC, March 3, 2014 /CNW Telbec/ - BLF Real Estate Investment
Trust ("BLF") (TSXV: BLF.UN) suspends the monthly distribution starting on March
30, 2014 as current free cash flow cannot sustain the distribution and
to preserve available cash flow for accretive repositioning of our
current assets. The last distribution will be paid on March 17th 2014
as announced previously. The management will monitor the working
capital on an ongoing basis.
Furthermore, BLF received, for personal reasons, the resignation of Mr.
Pierre Laflamme as a Trustee on February 28, 2014. All trustees and
BLF management team would like to thank Mr. Laflamme for his valuable
About BLF REIT
The principal business of BLF REIT is acquiring, holding, developing,
maintaining, improving, leasing, managing or otherwise dealing with
income-producing multi-units residential properties located throughout
Québec. BLF REIT currently owns seven properties located in Greater
Montréal, Sherbrooke and Québec City, totaling 1,049 apartment units.
Neither TSX Venture Exchange nor its Regulation Services Provider (as
that term is defined in the policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this release.
SOURCE: BLF Real Estate Investment Trust
For further information:
Mr. Daniel Blanchette
Chief Financial Officer - BLF REIT
T (450) 766-2476