Mr. Peter Sweeney reports
SMARTREIT DECLARES DISTRIBUTION FOR JUNE 2017
Smart Real Estate Investment Trust's trustees have declared a distribution for the month of June, 2017, of 14.167 cents per trust unit, representing $1.70 per unit on an annualized basis. Payment will be made on July 17, 2017, to unitholders of record on June 30, 2017.
Smart REIT offers Canadian unitholders the option to participate in a distribution reinvestment plan, a convenient and economical opportunity to automatically reinvest monthly distributions in additional units without the payment of any commissions, service charges or brokerage fees, at a price equal to 97 per cent of the average Toronto Stock Exchange market price over the 10 business days preceding the monthly distribution date. Additional information regarding the DRIP is available at the REIT's website.
About Smart Real Estate Investment Trust
Smart REIT is one of Canada's largest real estate investment trusts with total assets of approximately $8.9-billion. It owns and manages 32 million square feet in value-oriented, principally Walmart-anchored retail centres, having the strongest national and regional retailers, as well as strong neighbourhood merchants. In addition, Smart REIT is a joint venture partner in the Premium Outlets locations in Toronto and Montreal with Simon Property Group. Smart REIT's core vision is to provide a value-oriented shopping experience in all forms to Canadian consumers and to create high-quality mixed-use developments in urban settings.
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