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Granite Real Estate Investment Trust (TSX: GRT.UN / NYSE: GRP.U) has declared a distribution of CDN $0.2667 per stapled unit for July 2023. The distribution will be paid on August 15, 2023, to stapled unitholders of record as of July 31, 2023. The stapled units will begin trading ex-dividend on July 28, 2023, on the Toronto Stock Exchange and New York Stock Exchange.
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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 July 2023. The distribution will be paid by Granite on Tuesday, August 15, 2023 to stapled unitholders of record at the close of trading on Monday, July 31, 2023. The stapled units will begin trading on an ex-dividend basis at the opening of trading on Friday, July 28, 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 July 31, 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 142 investment properties representing approximately 62.8 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.
Andrea Sanelli, Associate Director, Legal & Investor Services
647-925-7504
Source: Granite Real Estate Investment Trust
FAQ
When will the distribution be paid?
The distribution will be paid on August 15, 2023.
What is the amount of the distribution?
The distribution is CDN $0.2667 per stapled unit.
When will the stapled units begin trading ex-dividend?
The stapled units will begin trading ex-dividend on July 28, 2023.
On which stock exchanges will the stapled units trade?
The stapled units will trade on the Toronto Stock Exchange and New York Stock Exchange.
Is the distribution subject to U.S. federal tax?
No, the distribution does not constitute effectively connected income for U.S. federal tax purposes.
Will a breakdown of the distribution sources be provided?
Yes, a qualified notice providing the breakdown of the sources of the distribution will be issued to the Depository Trust & Clearing Corporation after the record date of July 31, 2023.
