TORONTO, July 17, 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 August 15, 2018 to stapled unitholders of record
at the close of trading on July 31,
2018. The stapled units will begin trading on an ex-dividend
basis at the opening of trading on Monday,
July 30, 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 July 31, 2018, pursuant to
United States Treasury Regulation Section 1.1446-4.
ABOUT GRANITE
Granite is a Canadian-based REIT engaged in the acquisition,
development, ownership and management of predominantly industrial,
warehouse and logistics properties in North America and Europe. Granite owns over 90 rental income
properties representing approximately 34 million square feet of
leasable area. Through the thoughtful deployment of its balance
sheet and selective dispositions, Granite is continuing to build a
high quality, globally diversified industrial real estate
business.
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.
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SOURCE Granite Real Estate Investment Trust