TORONTO and MONTREAL, March 22,
2019 /CNW/ - Nexus Real Estate Investment Trust (the
"REIT") (TSXV: NXR.UN) announced today the declaration of the
March 2019 distribution.
The REIT will make a cash distribution in the amount of
$0.01333 per unit, representing
$0.16 per unit on an annualized
basis, payable April 15, 2019 to
unitholders of record as of March 29,
2019.
The REIT's current distribution per unit continues to be
$0.01333 per month. The REIT's
distribution reinvestment program ("DRIP") entitles eligible
unitholders to elect to receive all, or a portion of the cash
distributions of the REIT reinvested in units of the REIT. Eligible
unitholders who so elect will receive a bonus distribution of units
equal to 4% of each distribution that was reinvested by them under
the DRIP.
About Nexus REIT
Nexus is a growth oriented real estate investment trust focused
on increasing unitholder value through the acquisition, ownership
and management of industrial, office and retail properties located
in primary and secondary markets in North
America. The REIT currently owns a portfolio of 66
properties comprising approximately 3.7 million square feet of
rentable area. The REIT has approximately 99,790,000 units issued
and outstanding. Additionally, there are Class B LP units of
subsidiary limited partnerships of Nexus REIT issued and
outstanding, which are convertible into approximately 12,817,000
REIT units.
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of
this release.
SOURCE Nexus Real Estate Investment Trust