CT REIT Announces 4.5% Distribution Increase

Ad blocking detected

Thank you for visiting CanadianInsider.com. We have detected you cannot see ads being served on our site due to blocking. Unfortunately, due to the high cost of data, we cannot serve the requested page without the accompanied ads.

If you have installed ad-blocking software, please disable it (sometimes a complete uninstall is necessary). Private browsing Firefox users should be able to disable tracking protection while visiting our website. Visit Mozilla support for more information. If you do not believe you have any ad-blocking software on your browser, you may want to try another browser, computer or internet service provider. Alternatively, you may consider the following if you want an ad-free experience.

Canadian Insider Ultra Club
$500/ year*
Daily Morning INK newsletter
+3 months archive
Canadian Market INK weekly newsletter
+3 months archive
30 publication downloads per month from the PDF store
Top 20 Gold, Top 30 Energy, Top 40 Stock downloads from the PDF store
All benefits of basic registration
No 3rd party display ads
JOIN THE CLUB

* Price is subject to applicable taxes.

Paid subscriptions and memberships are auto-renewing unless cancelled (easily done via the Account Settings Membership Status page after logging in). Once cancelled, a subscription or membership will terminate at the end of the current term.

CT REIT Announces 4.5% Distribution Increase

Canada NewsWire

/NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES./

TORONTO, June 7, 2021 /CNW/ - CT Real Estate Investment Trust ("CT REIT") (TSX: CRT.UN) announced today that the Board of Trustees of CT REIT has approved a 4.5% increase in monthly distributions to $0.06994 per unit or $0.83930 on an annualized basis, commencing with the June 2021 distribution payable on July 15, 2021 to Unitholders of record on June 30, 2021.

"As CT REIT's business model continues to consistently deliver strong results, I am pleased to announce our eighth distribution increase since our IPO in 2013," said Ken Silver, CEO, CT REIT. "This increase is a reflection of the disciplined execution of a strategy focused on net lease assets, investment-grade tenants, and conservative financial management designed to deliver growth and resiliency, as has been demonstrated throughout the course of the pandemic."

Forward–Looking Statements

This press release contains forward looking statements that reflects management's current expectations, intentions, plans, and beliefs and are subject to certain risks and uncertainties that could result in the REIT's actual results differing materially from these forward-looking statements. For more information on the risks, uncertainties and assumptions that could cause the REIT's actual results to differ from current expectations, refer to Section 4 "Risk Factors" of our Annual Information Form for fiscal 2020, and to Section 12.0 "Enterprise Risk Management" and section 14.0 "Forward-Looking Information" of CT REIT's MD&A for fiscal 2020 as well as the REIT's other public filings available at www.sedar.com and at www.ctreit.com.

About CT REIT

CT REIT is an unincorporated, closed-end real estate investment trust formed to own income-producing commercial properties primarily located in Canada. Its portfolio is comprised of over 350 properties totaling approximately 29 million square feet of GLA, consisting primarily of net leased single-tenant retail properties located across Canada. Canadian Tire Corporation, Limited is CT REIT's most significant tenant. For more information, visit www.ctreit.com.

SOURCE CT Real Estate Investment Trust (CT REIT)

Cision View original content: http://www.newswire.ca/en/releases/archive/June2021/07/c0642.html

Copyright CNW Group 2021

Comment On!

140
Upload limit is up to 1mb only
To post messages to your Socail Media account, you must first give authorization from the websites. Select the platform you wish to connect your account to CanadianInsider.com (via Easy Blurb).