06:52:09 EDT Fri 29 Mar 2024
Enter Symbol
or Name
USA
CA



Inovalis Real Estate Investment Trust
Symbol INO
Shares Issued 11,294,691
Close 2014-09-19 C$ 9.78
Market Cap C$ 110,462,078
Recent Sedar Documents

Inovalis to pay 6.875-cent distribution Oct. 15

2014-09-19 19:14 ET - News Release

Mr. Antoine Tronquoy reports

INOVALIS REAL ESTATE INVESTMENT TRUST ANNOUNCES SEPTEMBER 2014 DISTRIBUTION

Inovalis Real Estate Investment Trust's board of trustees has declared the REIT's monthly cash distribution of 6.875 cents per unit for the period from Sept. 1, 2014, to Sept. 30, 2014. The distribution will be payable on Oct. 15, 2014, to unitholders of record as of the close of business on Sept. 30, 2014. The REIT has implemented a distribution reinvestment plan (DRIP). By participating in the DRIP, unitholders have cash distributions from the REIT reinvested in additional units as and when cash distributions are made with a "bonus" distribution of units equal to 3 per cent of the amount of the cash distribution reinvested pursuant to the DRIP.

Distributions paid to unitholders who are non-residents of Canada will be subject to applicable Canadian withholding tax. For Canadian federal income tax purposes, the REIT gives guidance that 75 per cent of the above-mentioned distribution can be considered to be a return of capital and 25 per cent of the distribution can be considered to be a distribution of trust income.

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