Canadian Real Estate Investment Trust Announces Suspension of Unitholder Distribution Reinvestment Plan and Unit Purchase Pla...
February 21 2018 - 5:00PM
Canadian Real Estate Investment Trust (“CREIT”) (TSX:REF.UN)
announced that it is suspending its Unitholder Distribution
Reinvestment Plan (the “DRIP”) and the Unit Purchase Plan (the
“UPP”) until further notice, in connection with the proposed plan
of arrangement involving Choice Properties Real Estate Investment
Trust.
The DRIP offers registered Unitholders an
opportunity to automatically reinvest monthly distributions in
additional CREIT units without the payment of any brokerage
commissions. Unitholders who elected to participate in the DRIP
will receive cash distributions beginning on the March 14, 2018
distribution payment date. The DRIP will not be available for all
future monthly distributions until further notice. Unitholders who
elected to participate in the UPP will not have funds withdrawn for
purchases of units previously scheduled to be made following the
date of this announcement. The UPP will not be available until
further notice.
About CREIT
CREIT is a real estate investment trust focused
on accumulating and aggressively managing a portfolio of
high-quality real estate assets and delivering the benefits of real
estate ownership to Unitholders. The primary benefit is a reliable
and, over time, increasing monthly cash distribution. CREIT owns a
diversified portfolio of retail, industrial and office
properties.
Contact
For further information, please contact:
Stephen
Johnson
Chief Executive Officer416-628-7878
sjohnson@creit.ca
Rael Diamond
Chief Operating Officer 416-628-7861
rdiamond@creit.ca
Mario BarrafatoChief Financial
Officer416-628-7872mbarrafato@creit.ca