Granite REIT Declares Distribution for August 2022

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 $0.2583 per stapled unit for the month of August 2022.

Metadata
Provider: 
Business Wire, Inc.Business Wire, Inc.
Retrieved on: 
Wednesday, August 17, 2022
Information
Tags: 
Commercial Building & Real Estate, Construction & Property, REIT, TSX, Toronto Stock Exchange, FICC, Security (finance), New, Income, EDGAR, Associate Director of National Intelligence and Chief Information Officer, Treasury regulations, Acquisition, Depository Trust & Clearing Corporation, REIT, Granite, Moody's Investors Service, Trustee, Ownership, CDN, Granite Real Estate, Internet, Angelo Gordon, SEDAR
Geotags: 
ONTARIO, NORTH AMERICA, CANADA, UNITED STATES, EUROPE
Stock Symbol: 
TSX:GRT.UN
NYSE:GRP.U
NYSE:GRPU
Summary
Key Points: 
  • 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 $0.2583 per stapled unit for the month of August 2022.
  • The distribution will be paid by Granite on Thursday, September 15, 2022 to stapled unitholders of record at the close of trading on Wednesday, August 31, 2022.
  • Granite confirms that no portion of the distribution constitutes effectively connected income for U.S. federal tax purposes.
  • 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 Real Estate Investment Trust (“Granite”) (TSX: GRT.UN / NYSE: GRP.U) announced today that its board of trustees has declared a distribution of CDN $0.2583 per stapled unit for the month of August 2022. The distribution will be paid by Granite on Thursday, September 15, 2022 to stapled unitholders of record at the close of trading on Wednesday, August 31, 2022. The stapled units will begin trading on an ex-dividend basis at the opening of trading on Tuesday, August 30, 2022 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 August 31, 2022, 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 139 investment properties representing approximately 57.5 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, Associate Director, Legal & Investor Services, at 647-925-7504.

Copyright: 
Copyright Business Wire 2022