TORONTO, Oct. 17, 2018 /PRNewswire/ - 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 November 15,
2018 to stapled unitholders of record at the close of
trading on October 31, 2018. The
stapled units will begin trading on an ex-dividend basis at the
opening of trading on Tuesday, October 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
October 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 85 investment
properties representing approximately 33 million square feet of
leasable area.
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 Kevan Gorrie, President and Chief Executive
Officer, at 647-925-7500 or Ilias
Konstantopoulos, Chief Financial Officer, at
647-925-7540.
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SOURCE Granite Real Estate Investment Trust