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Granite REIT Declares Distribution for November 2021
Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Neutral)
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Rhea-AI Summary
Granite Real Estate Investment Trust (NYSE: GRPU) announced a distribution of CAD $0.250 per stapled unit for November 2021. This payout will occur on December 15, 2021, for unitholders recorded by the close of trading on November 30, 2021. The stapled units will start trading ex-dividend on November 29, 2021. Notably, no part of the distribution is considered effectively connected income for U.S. federal tax purposes. Granite manages 126 properties across North America and Europe, totaling roughly 53.3 million square feet of leasable area.
Positive
Declared a monthly distribution of CAD $0.250 per stapled unit.
Distribution will enhance cash flow for investors.
Granite owns 126 properties across North America and Europe, totaling 53.3 million square feet.
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 CAD $0.250 per stapled unit for the month of November 2021. The distribution will be paid by Granite on December 15, 2021 to stapled unitholders of record at the close of trading on Tuesday, November 30, 2021. The stapled units will begin trading on an ex-dividend basis at the opening of trading on Monday, November 29, 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 November 30, 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 126 investment properties representing approximately 53.3 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.
