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Granite REIT Declares Distribution for September 2021
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Rhea-AI Sentiment
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Rhea-AI Summary
Granite Real Estate Investment Trust (GRPU) announced a distribution of CAD $0.250 per stapled unit for September 2021. This distribution will be paid on October 15, 2021 to unitholders recorded by the close of trading on September 30, 2021. The stapled units will trade ex-dividend from September 29, 2021. No part of the distribution is considered effectively connected income for U.S. federal tax purposes. Granite focuses on logistics and industrial properties in North America and Europe, managing 119 properties with approximately 51.3 million square feet leasable area.
Positive
Declared a distribution of CAD $0.250 per stapled unit.
Distribution payment date is set for October 15, 2021.
Operates 119 investment properties totaling approximately 51.3 million square feet.
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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 September 2021. The distribution will be paid by Granite on October 15, 2021 to stapled unitholders of record at the close of trading on Thursday, September 30, 2021. The stapled units will begin trading on an ex-dividend basis at the opening of trading on Wednesday, September 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 September 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 119 investment properties representing approximately 51.3 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.
