TORONTO, June 19,
2024 /CNW/ - Alignvest Student Housing ("Alignvest")
is pleased to announce the Fair Market Value ("FMV") of the Units
of Alignvest Student Housing Real Estate Investment Trust ("ASH
REIT") at $148.00 per Class F Unit
and $143.51 per Class A Unit (each, a
"Unit" and collectively, the "Units") as at June 30, 2024. The current FMV per Unit serves as
the "Unit Price" for the purposes of subscriptions and redemptions
of Units of ASH REIT.
Additionally, ASH REIT's Board of Trustees have approved ASH
REIT's Monthly Distribution of $0.50
per Unit ($6.00 per Unit on annual
basis), effective June 30, 2024, for
unitholders of record as of June 1,
2024. For unitholders participating in ASH REIT's
Distribution Reinvestment Plan ("DRIP"), new Class F and Class A
Units under the DRIP will be issued at FMV less 2%, or $145.04 per Class F Unit and $140.64 per Class A Unit.
We calculate the FMV per Class F and Class A Units in accordance
with the valuation guidelines that have been approved by our Board
of Trustees and as outlined in our Offering Memorandum. The FMV per
Class A and F Unit, is posted on our website at
www.alignveststudenthousing.com and investor records will be
updated within 15 days following each valuation date. Please
refer to the "Valuation Policy" section of our Offering
Memorandum for how the FMV is determined. All of our property
investments are appraised annually by third-party appraisal firms
in accordance with our valuation guidelines and such property
values are reviewed quarterly by the Board of Trustees.
About Alignvest Student Housing Real Estate Investment
Trust
Alignvest Student Housing Real Estate Investment Trust is an
unincorporated open-ended real estate investment trust formed under
the laws of Ontario pursuant to a
Declaration of Trust to own income-producing purpose-built student
accommodations located in Canada.
ASH REIT offers trust units on a continuous basis pursuant to an
offering memorandum on a private placement basis by qualified
dealers to investors resident in any province or territory of
Canada who qualify as "accredited
investors". ASH REIT has made arrangements to offer the units
through the investment fund order system, Fundserv.
Visit Alignvest Student Housing Real Estate Investment Trust at
www.alignveststudenthousing.com.
The information is based on the market analysis and expectations
of ASH REIT and should not be relied upon by the reader as research
or investment advice regarding ASH REIT. The information presented
herein is not a recommendation, offer or solicitation to buy or
sell any securities or to adopt any investment strategy in any
jurisdiction where prohibited by law or where contrary to local law
or regulation. Any such offer to invest, if made, will only be made
by means of an offering memorandum on a private placement
basis.
SOURCE Alignvest Student Housing REIT