MONTREAL, Jan. 22, 2014 /CNW/ - (TSXV: NEL.UN) Nobel Real Estate Investment Trust (the "REIT") is pleased to announce today a cash distribution of $0.000297 per trust unit of the REIT for the month of January 2014, as per its new distribution policy that was announced in its press release dated December 30, 2013. The distribution will be payable on February 17, 2014 to unitholders of record as at January 31, 2014.
About Nobel Real Estate Investment Trust
The REIT is a recently created unincorporated open-ended real estate investment trust governed by the laws of the Province of Québec. The REIT has been created for the purpose of acquiring and owning income producing properties. The REIT will focus on acquiring commercial retail, mixed-used retail, industrial and suburban office properties in the primary and secondary markets in the Province of Québec. The REIT currently owns two commercial properties located in Québec, comprising 71,747 square feet of gross leasable area.
SOURCE: Nobel Real Estate Investment Trust
For further information:
Louis Lemire, CPA, CA, Chief Financial Officer, at (450) 655-4338.