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Granite Real Estate Investment Trust (GRPU) declared a distribution of CDN $0.2667 per stapled unit for April 2023. This distribution will be paid on May 15, 2023, to unitholders recorded at the close of trading on April 28, 2023. Trading will commence on an ex-dividend basis on April 27, 2023, on both the Toronto and New York Stock Exchanges.
Granite confirms that this distribution does not represent effectively connected income for U.S. federal tax purposes. A qualified notice will be issued to the Depository Trust & Clearing Corporation post-record date. Granite, based in Canada, operates logistics and industrial properties across North America and Europe, owning 140 investment properties totaling approximately 59.4 million square feet of leasable area.
Positive
Declared a monthly distribution of CDN $0.2667 per stapled unit.
Upcoming payment date set for May 15, 2023.
Stable income distribution not subject to U.S. federal tax.
Negative
None.
TORONTO--(BUSINESS WIRE)--
Granite Real Estate Investment Trust (“Granite”) (TSX: GRT.UN / NYSE: GRP.U) announced today that its board of trustees has declared a distribution of CDN $0.2667 per stapled unit for the month of April 2023. The distribution will be paid by Granite on Monday, May 15, 2023 to stapled unitholders of record at the close of trading on Friday, April 28, 2023. The stapled units will begin trading on an ex-dividend basis at the opening of trading on Thursday, April 27, 2023, 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 April 28, 2023, 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 140 investment properties representing approximately 59.4 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, Associate Director, Legal & Investor Services, at 647-925-7504.
