TORONTO and MONTREAL, Oct. 22,
2019 /CNW/ - Nexus Real Estate Investment Trust (the "REIT")
(TSXV: NXR.UN) announced today that it intends to release its
financial results for the quarter ended September 30, 2019 before the opening of the TSX
Venture Exchange on Wednesday November 20,
2019.
Management of the REIT will host a conference call at
1:00 PM Eastern Standard Time on
Wednesday November 20, 2019 to review the financial
results and operations.
To participate in the conference call, please dial 416-915-3239
or 1-800-319-4610 (toll free in Canada and the US) at least five minutes prior
to the start time and ask to join the Nexus REIT conference
call.
A recording of the conference call will be available until
December 20, 2019. To access the
recording, please dial 604-674-8052 or 1-855-669-9658 (toll free in
Canada and the US) and enter
access code 3793.
October and November Distributions
The REIT announced today that it will make a cash distribution
in the amount of $0.01333 per unit,
representing $0.16 per unit on an
annualized basis, payable November 15, 2019 to unitholders of
record as of October 31, 2019.
The REIT will also make a cash distribution in the amount of
$0.01333 per unit, representing
$0.16 per unit on an annualized
basis, payable December 13, 2019 to
unitholders of record as of November 29,
2019.
The REIT's current distribution per unit continues to be
$0.01333 per month. The REIT's
distribution reinvestment program ("DRIP") entitles eligible
unitholders to elect to receive all, or a portion of the cash
distributions of the REIT reinvested in units of the REIT. Eligible
unitholders who so elect will receive a bonus distribution of units
equal to 4% of each distribution that was reinvested by them under
the DRIP.
About Nexus REIT
Nexus is a growth-oriented real estate investment trust focused
on increasing unitholder value through the acquisition, ownership
and management of industrial, office and retail properties located
in primary and secondary markets in North
America. The REIT currently owns a portfolio of 70
properties comprising approximately 3.8 million square feet of
rentable area. The REIT has approximately 101,933,000 units issued
and outstanding. Additionally, there are Class B LP units of
subsidiary limited partnerships of Nexus REIT issued and
outstanding, which are convertible into approximately 18,226,000
REIT units.
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 Nexus Real Estate Investment Trust
