Marwest Apartment Real Estate Investment Trust Declares Monthly Cash Distribution for July 2024
Marwest Apartment Real Estate Investment Trust Declares Monthly Cash Distribution
WINNIPEG, MB, July 15, 2024 /CNW/ – Marwest Apartment Real Estate Investment Trust (Marwest Apartment REIT) (TSXV: MAR.UN) has announced that its Trustees have declared a monthly cash distribution of $0.0013 per trust unit ("Trust Unit") of the REIT for the month of July 2024. This represents a cash distribution per Trust Unit of $0.0156 on an annualized basis. The cash distributions will be made on August 15, 2024, to Unitholders on record as of July 31, 2024.
As of the date of this announcement, there are an aggregate of 8,856,403 Units and 10,642,435 Exchangeable Units issued and outstanding.
Marwest Apartment REIT is an unincorporated open-ended trust governed by the laws of the Province of Manitoba. The REIT was established to provide Unitholders with the opportunity to invest in the Canadian multi-family rental sector through the ownership of high-quality income-producing properties, with a focus on stable markets throughout Western Canada.
The management team and Trustees of Marwest REIT have over 100 years of combined experience in multi-residential real estate. They bring a strong combination of development, construction, management, and financing experience, along with significant governance expertise. The REIT has an external asset and property management agreement through the Marwest Group of Companies, a fully integrated real estate group specializing in development, construction, and property management.
The information in this news release includes forward-looking statements about the REIT’s current monthly cash distribution policy. These statements are based on assumptions subject to significant risks and uncertainties. The actual results may differ from those anticipated due to various factors.
Neither the TSXV nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this news release.
The Trust Units are not registered under the United States Securities Act of 1933 and may not be offered or sold within the United States. This press release does not constitute an offer to sell securities of the REIT in the United States or any other jurisdiction.
SOURCE Marwest Apartment Real Estate Investment Trust