Granite REIT Declares Distribution for November 2023

Rhea-AI Summary

Granite Real Estate Investment Trust (GRT.UN / GRP.U) Declares CDN $0.2667 Distribution for November 2023

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 November 2023. The distribution will be paid by Granite on Friday, December 15, 2023 to stapled unitholders of record at the close of trading on Thursday, November 30, 2023. The stapled units will begin trading on an ex-dividend basis at the opening of trading on Wednesday, November 29, 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 November 30, 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 143 investment properties representing approximately 62.9 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 Data Analysis and Retrieval +(SEDAR+) which can be accessed at www.sedarplus.ca 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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20231117921857/en/

Teresa Neto, Chief Financial Officer

647-925-7560



Andrea Sanelli, Associate Director, Legal & Investor Services

647-925-7504

Source: Granite Real Estate Investment Trust

FAQ

What is the distribution amount declared by Granite for November 2023?

Granite declared a distribution of CDN $0.2667 per stapled unit for November 2023.

When will the distribution be paid to unitholders?

The distribution will be paid on December 15, 2023, to unitholders of record as of November 30, 2023.

What is the ex-dividend date for the stapled units?

The stapled units will begin trading ex-dividend on November 29, 2023, on both the Toronto Stock Exchange and the New York Stock Exchange.

Is the distribution subject to U.S. federal tax?

Granite confirms that no portion of the distribution constitutes effectively connected income for U.S. federal tax purposes.