Granite REIT Declares Distribution for August 2021

Rhea-AI Summary

Granite Real Estate Investment Trust (Granite) (TSX: GRT.UN / NYSE: GRP.U) has declared a distribution of CAD $0.250 per stapled unit for August 2021. This distribution will be paid on September 15, 2021, to unitholders of record by the close of trading on August 31, 2021. The units will trade ex-dividend starting August 30, 2021. The distribution does not constitute effectively connected income for U.S. federal tax purposes. Granite owns 118 investment properties totaling approximately 51.3 million square feet across North America and Europe.

Positive

• Declared CAD $0.250 per stapled unit distribution for August 2021.
• Demonstrates financial stability and commitment to unitholders.

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• None.

Granite Real Estate Investment Trust (“Granite”) (TSX: GRT.UN / NYSE: GRP.U) announced today that its board of trustees has declared a distribution of CAD $0.250 per stapled unit for the month of August 2021. The distribution will be paid by Granite on September 15, 2021 to stapled unitholders of record at the close of trading on Tuesday, August 31, 2021. The stapled units will begin trading on an ex-dividend basis at the opening of trading on Monday, August 30, 2021 on the Toronto Stock Exchange and on the New York Stock Exchange.

Granite confirms that no portion of the distribution constitutes effectively connected income for U.S. federal tax purposes. A qualified notice providing the breakdown of the sources of the distribution will be issued to the Depository Trust & Clearing Corporation subsequent to the record date of August 31, 2021, pursuant to United States Treasury Regulation Section 1.1446-4.

ABOUT GRANITE

Granite is a Canadian-based REIT engaged in the acquisition, development, ownership and management of logistics, warehouse and industrial properties in North America and Europe. Granite owns 118 investment properties representing approximately 51.3 million square feet of leasable area.

OTHER INFORMATION

Copies of financial data and other publicly filed documents about Granite are available through the internet on the Canadian Securities Administrators’ System for Electronic Document Analysis and Retrieval (SEDAR) which can be accessed at www.sedar.com and on the United States Securities and Exchange Commission’s Electronic Data Gathering, Analysis and Retrieval System (EDGAR) which can be accessed at www.sec.gov. For further information, please see our website at www.granitereit.com or contact Teresa Neto, Chief Financial Officer, at 647-925-7560 or Andrea Sanelli, Manager, Legal & Investor Services, at 647-925-7504.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210817005902/en/

FAQ

What is the August 2021 distribution amount for GRP.U?

Granite Real Estate Investment Trust announced a CAD $0.250 distribution per stapled unit for August 2021.

When will the distribution for GRP.U be paid?

The distribution will be paid on September 15, 2021.

What is the record date for the August 2021 distribution of GRP.U?

The record date is August 31, 2021.

When will GRP.U units start trading ex-dividend?

The units will begin trading ex-dividend on August 30, 2021.

Does the August 2021 distribution for GRP.U count as U.S. federal taxable income?

No, the distribution does not constitute effectively connected income for U.S. federal tax purposes.