HALIFAX, Jan. 20, 2014 /CNW/ - Killam Properties Inc. (TSX: KMP)
("Killam") is pleased to announce that its board of directors has
declared a dividend pursuant to Killam's monthly dividend policy. The
dividend of $0.05 per common share will be paid on February 17, 2014 to
shareholders of record on January 31, 2014. This dividend is Killam's
first dividend reflecting the 3.4% increase announced on December 23,
Killam Properties Inc. 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 nor disapproved of
the information contained herein.
SOURCE: Killam Properties Inc.
For further information:
Killam Properties Inc.
Vice President, Investor Relations & Corporate Planning