Granite REIT Declares Distribution for October 2023

Rhea-AI Summary

Granite Real Estate Investment Trust declares distribution for October 2023

Positive

• Granite Real Estate Investment Trust has declared a distribution of CDN $0.2667 per stapled unit for the month of October 2023.

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 October 2023. The distribution will be paid by Granite on Wednesday, November 15, 2023 to stapled unitholders of record at the close of trading on Tuesday, October 31, 2023. The stapled units will begin trading on an ex-dividend basis at the opening of trading on Monday, October 30, 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 October 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 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/20231017749775/en/

Teresa Neto

Chief Financial Officer

647-925-7560

or

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 Real Estate Investment Trust for October 2023?

Granite Real Estate Investment Trust has declared a distribution of CDN $0.2667 per stapled unit for the month of October 2023.

When will the distribution be paid?

The distribution will be paid on Wednesday, November 15, 2023.

Who will receive the distribution?

The distribution will be paid to stapled unitholders of record at the close of trading on Tuesday, October 31, 2023.

When will the stapled units begin trading on an ex-dividend basis?

The stapled units will begin trading on an ex-dividend basis at the opening of trading on Monday, October 30, 2023.

Will the distribution be subject to U.S. federal tax?

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

Will there be a breakdown of the sources of the distribution?

Yes, 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 October 31, 2023.