MONTREAL, July 22, 2015 /CNW Telbec/ - (TSXV: NEL.UN)
The Nobel Real Estate Investment Trust (the « REIT » or «
Nobel REIT ») is pleased to announce today a cash distribution
of $0.002833 per trust unit of the
REIT for the month of July 2015. The
distribution will be payable on August 17,
2015 to unitholders of record as at July 31, 2015.
"Three months after our last distribution increase, we are proud
to announce that the monthly distribution per unit is being
increased by 39.4% in comparison to the previous month. Our
distribution policy provides for 50% of adjusted funds from
operations forecasted for a twelve-month period to be distributed
to unitholders; accordingly, the annual distribution per unit now
represents 4.42% of the current unit price. This new increase
demonstrates the effectiveness of our sustainable distribution
policy and growth strategy; we will continue to take all the
necessary steps in order to increase progressively our
distribution." stated Jean Teasdale,
President and Chief Executive of Nobel REIT.
About Nobel REIT
Nobel REIT is an unincorporated open-ended real estate
investment trust governed by the laws of the Province of Québec.
Nobel REIT has been created for the purpose of acquiring and owning
income producing properties. The REIT will focus on acquiring
commercial retail, mixed-used retail, and industrial and suburban
office properties in the primary and secondary markets in the
Province of Québec. Nobel REIT currently owns fifteen properties
located in Québec, comprising 694,535 square feet of gross leasable
area.
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of
this release.
SOURCE Nobel Real Estate Investment Trust