Trust law

Faircourt Asset Management Inc. Announces February Distributions

Thursday, February 20, 2020 - 1:00am

Faircourt Asset Management Inc. is the Investment Advisor for Faircourt Gold Income Corp. and Faircourt Split Trust.

Key Points: 
  • Faircourt Asset Management Inc. is the Investment Advisor for Faircourt Gold Income Corp. and Faircourt Split Trust.
  • This press release is not for distribution in the United States or over United States wire services.
  • For further information on the Faircourt Funds, please visit www.faircourtassetmgt.com or please contact 1-800-831-0304.
  • If the Units are purchased or sold on an exchange, investors may pay more than the current net asset value when buying Units of the Trust and may receive less than the current net asset value when selling them.

Ellen Kratzer to Speak at 2020 STEP Europe Conference in Vienna

Wednesday, February 19, 2020 - 7:10pm

Fiduciary Trust Company International, a global wealth manager and wholly-owned subsidiary of Franklin Templeton, proudly announces that Ellen Kratzer, managing director, will speak at this years STEP (Society of Trust & Estate Practitioners) Europe conference, to be held February 20-21, 2020 at the Ritz-Carlton in Vienna, Austria.

Key Points: 
  • Fiduciary Trust Company International, a global wealth manager and wholly-owned subsidiary of Franklin Templeton, proudly announces that Ellen Kratzer, managing director, will speak at this years STEP (Society of Trust & Estate Practitioners) Europe conference, to be held February 20-21, 2020 at the Ritz-Carlton in Vienna, Austria.
  • The annual STEP Europe conference is attended by trust and estate practitioners from 18 countries.
  • London-based STEP is a global body consisting of 100 branches and chapters in 95 countries.
  • As chair of STEP USA, Ms. Kratzer works with STEP members in the organizations 17 branches and chapters in this country.

CAPREIT Announces February 2020 Distribution

Tuesday, February 18, 2020 - 11:57pm

TORONTO, Feb. 18, 2020 (GLOBE NEWSWIRE) -- Canadian Apartment Properties Real Estate Investment Trust (CAPREIT) (TSX CAR.UN) announced today its February 2020 monthly distribution in the amount of $0.11500 per Unit (or $1.38 on an annualized basis).

Key Points: 
  • TORONTO, Feb. 18, 2020 (GLOBE NEWSWIRE) -- Canadian Apartment Properties Real Estate Investment Trust (CAPREIT) (TSX CAR.UN) announced today its February 2020 monthly distribution in the amount of $0.11500 per Unit (or $1.38 on an annualized basis).
  • The February distribution will be payable on March 16, 2020 to Unitholders of record on February 28, 2020.
  • To encourage participation and reward our loyal Unitholders, investors registered in our Distribution Reinvestment Plan will continue to receive an additional amount equal to 5% of their distributions paid in the form of additional Units.
  • Since its Initial Public Offering in May 1997, CAPREIT has grown monthly cash distributions per Unit by 93%.

Dream Alternatives Reports Fourth Quarter Results and Updated Annual NAV

Tuesday, February 18, 2020 - 11:17pm

TORONTO, Feb. 18, 2020 (GLOBE NEWSWIRE) -- DREAM HARD ASSET ALTERNATIVES TRUST (TSX: DRA.UN) ("Dream Alternatives", "we" or the "Trust") today reported its financial results for the three months and year ended December 31, 2019.

Key Points: 
  • TORONTO, Feb. 18, 2020 (GLOBE NEWSWIRE) -- DREAM HARD ASSET ALTERNATIVES TRUST (TSX: DRA.UN) ("Dream Alternatives", "we" or the "Trust") today reported its financial results for the three months and year ended December 31, 2019.
  • Construction on Block 8 commenced in the fourth quarter of 2019 and will comprise 770 rental units, of which 30% are affordable.
  • As at December 31, 2019, the NAV per unit of $8.75 was comparable with NAV per unit of $8.74 in the prior year.
  • Given the long-term nature of the Trust's development investments the Trust believes providing annual updates to NAV is more useful to readers.

Granite REIT Declares Distribution for February 2020

Tuesday, February 18, 2020 - 10:04pm

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$0.242 per stapled unit for the month of February 2020.

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 CAD$0.242 per stapled unit for the month of February 2020.
  • The distribution will be paid by Granite on March 16, 2020 to stapled unitholders of record at the close of trading on February 28, 2020.
  • 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 industrial, warehouse and logistics properties in North America and Europe.

ERES REIT Declares February 2020 Monthly Distribution

Tuesday, February 18, 2020 - 10:00pm

TORONTO, Feb. 18, 2020 (GLOBE NEWSWIRE) -- European Residential Real Estate Investment Trust (TSX-V:ERE.UN, ERES) is pleased to announce that the trustees of ERES have declared the February 2020 monthly cash distribution of 0.00875 per Unit and Class B LP Unit (the February Distribution), being equivalent to 0.105 per Unit annualized.

Key Points: 
  • TORONTO, Feb. 18, 2020 (GLOBE NEWSWIRE) -- European Residential Real Estate Investment Trust (TSX-V:ERE.UN, ERES) is pleased to announce that the trustees of ERES have declared the February 2020 monthly cash distribution of 0.00875 per Unit and Class B LP Unit (the February Distribution), being equivalent to 0.105 per Unit annualized.
  • The distribution will be payable to holders of the Units and Class B LP Units (the Unitholders) of record on February 28, 2020, with payment on March 16, 2020.
  • The final cash distribution in respect of January 2020 was C$0.01257 per Unit and Class B LP Unit.
  • ERES intends to continue to make regular monthly distributions, subject to the discretion of the ERES board of trustees.

Mesa Royalty Trust Announces Trust Income for February 2020

Tuesday, February 18, 2020 - 9:29pm

Mesa Royalty Trust (the Trust) (NYSE: MTR) announced the Trust income distribution for the month of February 2020.

Key Points: 
  • Mesa Royalty Trust (the Trust) (NYSE: MTR) announced the Trust income distribution for the month of February 2020.
  • Unitholders of record on February 28, 2020 will receive distributions amounting to $0.050732419 per unit, payable on April 30, 2020.
  • The Trust received $0 of Royalty income from the Hugoton properties and $29,463 of Royalty income from the Colorado portion of the San Juan Basin properties.
  • The Trustee cannot assure that errors or adjustments by the working interest owners, whether historical or future, will not affect future royalty income and distributions by the Trust.

Marine Petroleum Trust Announces First Quarter Cash Distribution

Tuesday, February 18, 2020 - 2:30pm

DALLAS, Feb. 18, 2020 /PRNewswire/ --Marine Petroleum Trust (NASDAQ: MARPS) ("Marine") today declared a quarterly cash distribution to the holders of its units of beneficial interest of $0.065452 per unit, payable on March 30, 2020, to unitholders of record on February 28, 2020.

Key Points: 
  • DALLAS, Feb. 18, 2020 /PRNewswire/ --Marine Petroleum Trust (NASDAQ: MARPS) ("Marine") today declared a quarterly cash distribution to the holders of its units of beneficial interest of $0.065452 per unit, payable on March 30, 2020, to unitholders of record on February 28, 2020.
  • This distribution of $0.065452 per unit is higher than the $0.048759 per unit distributed last quarter.
  • The price realized for both oil and natural gas produced and included in the current distribution decreased compared to the previous quarter.
  • This distribution is lower than the $0.079880 per unit distributed in the comparable quarter in 2019.

Northern Trust Corporation to Speak at the Credit Suisse Financial Services Forum on February 27th

Tuesday, February 18, 2020 - 5:30pm

Northern Trust Corporation announced today that Chief Financial Officer, Jason J. Tyler, and President of Wealth Management, Steven L. Fradkin will speak at the Credit Suisse Financial Services Forum in Miami on Thursday, February 27, 2020 at 10:00 a.m. (ET).

Key Points: 
  • Northern Trust Corporation announced today that Chief Financial Officer, Jason J. Tyler, and President of Wealth Management, Steven L. Fradkin will speak at the Credit Suisse Financial Services Forum in Miami on Thursday, February 27, 2020 at 10:00 a.m. (ET).
  • Northern Trust Corporation (Nasdaq: NTRS) is a leading provider of wealth management, asset servicing, asset management and banking to corporations, institutions, affluent families and individuals.
  • For more than 130 years, Northern Trust has earned distinction as an industry leader for exceptional service, financial expertise, integrity and innovation.
  • Northern Trust Corporation, Head Office: 50 South La Salle Street, Chicago, Illinois 60603 U.S.A., incorporated with limited liability in the U.S.

San Juan Basin Royalty Trust Declares Cash Distribution for February 2020

Tuesday, February 18, 2020 - 2:00pm

BBVA USA, as Trustee of the San Juan Basin Royalty Trust (the Trust) (NYSE:SJT), today declared a monthly cash distribution to the holders of its Units of beneficial interest (the Unit Holders) of $1,723,194.34 or $0.036971 per Unit, based primarily upon production during the month of December 2019, subject to certain adjustments by the operator of the Trusts subject interests, Hilcorp San Juan L.P. (Hilcorp), for prior months.

Key Points: 
  • BBVA USA, as Trustee of the San Juan Basin Royalty Trust (the Trust) (NYSE:SJT), today declared a monthly cash distribution to the holders of its Units of beneficial interest (the Unit Holders) of $1,723,194.34 or $0.036971 per Unit, based primarily upon production during the month of December 2019, subject to certain adjustments by the operator of the Trusts subject interests, Hilcorp San Juan L.P. (Hilcorp), for prior months.
  • The distribution is payable March 13, 2020, to Unit Holders of record as of February 28, 2020.
  • Based upon information provided to the Trust by Hilcorp, gas production for the subject interests totaled 2,469,963 Mcf (2,744,404 MMBtu) for December 2019, as compared to 2,505,179 Mcf (2,783,532 MMBtu) for November 2019.
  • Forward-looking statements and the business prospects of San Juan Basin Royalty Trust are subject to a number of risks and uncertainties that may cause actual results in future periods to differ materially from the forward-looking statements.