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TORONTO, June 19, 2012 /CNW/ - C2C Industrial Properties Inc. (the "Company" or "C2C") (CCH: TSX-V), announced that the Board of Directors has approved a quarterly dividend of $0.0265 per common share payable on July 16, 2012 to the shareholders of record on June 29, 2012. The ex-dividend date is June 27, 2012.
"C2C is fulfilling its stated intentions in regard to dividend payments. The Company maintains a conservative payout ratio relative to industry norms, as it focuses on maintaining a stable and growing cash flow distribution to Shareholders as part of its value-add business strategy," stated Chris Ross, President of C2C.
About C2C Industrial Properties Inc.
C2C is a real estate investment corporation specializing in the acquisition, ownership and operation of industrial properties across Canada. C2C owns fourteen industrial assets totalling approximately 1.2 million square feet. More information about C2C (CCH: TSX-V) is available at www.sedar.com.
Forward Looking Statements
This document contains forward-looking statements relating to C2C and the industry in which it operates and its strategy, action plans and investments, which may involve estimates, forecasts and projections. These statements are not guarantees of future performance and involve risks and uncertainties that are difficult to predict and/or are beyond C2C's control. Consequently, readers should not place any undue reliance on such forward-looking statements. These forward-looking statements are made as of the date of this press release. C2C is under no obligation to update any forward-looking statements contained herein should material facts change due to new information, future events or other factors, unless otherwise required to do so by applicable law. All forward-looking statements attributable to C2C are expressly qualified by these cautionary statements.
The TSX Venture Exchange has neither approved nor disapproved the contents of this press release.
Neither the 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 press release.
For further information:
C2C Industrial Properties Inc.
Christopher Ross, President