TORONTO, March 16, 2018 /CNW/ - Granite Real
Estate Investment Trust ("Granite") (TSX: GRT.UN / NYSE: GRP.U)
announced today that its board of trustees has declared a
distribution on Granite's stapled units of CDN$0.227 per stapled unit. The distribution will
be paid by Granite on April 16, 2018
to stapled unitholders of record at the close of trading on
March 29, 2018. The stapled units
will begin trading on an ex-dividend basis at the opening of
trading on Wednesday, March 28, 2018
on the Toronto Stock Exchange and on the New York Stock
Exchange.
As it relates to certain unitholders, Granite confirms that no
portion of the above distribution constitutes effectively connected
income. A qualified notice providing the breakdown of the sources
of the above distribution will be issued to the Depository Trust
& Clearing Corporation (DTCC) subsequent to the record date of
March 29, 2018, pursuant to United
States Treasury Regulation Section 1.1446-4.
ABOUT GRANITE
Granite is a Canadian-based REIT engaged in the ownership and
management of predominantly industrial, warehouse and logistics
properties in North America and
Europe. Granite owns approximately
29 million square feet in over 80 rental income properties. Our
tenant base includes Magna International Inc. and its operating
subsidiaries as our largest tenants, in addition to tenants from
other industries.
OTHER INFORMATION
Copies of financial data and other publicly filed documents
about Granite are available through the internet on the Canadian
Securities Administrators' Systems for Electronic Document Analysis
and Retrieval (SEDAR) which can be accessed at www.sedar.com and on
the United States Securities and Exchange Commission's Electronic
Data Gathering, Analysis and Retrieval System (EDGAR) which can be
accessed at www.sec.gov. For further information, please see
our website at www.granitereit.com or contact Michael Forsayeth, Chief Executive Officer, at
647-925-7600 or Ilias
Konstantopoulos, Chief Financial Officer, at
647-925-7540.
SOURCE Granite REIT Holdings LP