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BSR Real Estate Investment Trust Announces Initial Cash Distribution
BSR Real Estate Investment Trust Announces Initial Cash Distribution Canada NewsWi...
About this update from Bsr Real Estate Investment Trust
[{"type":"text","content":"\n\n\n\nBSR Real Estate Investment Trust Announces Initial Cash Distribution\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\n\nCanada NewsWire\nLITTLE ROCK, AR and TORONTO, June 22, 2018\n\n\n\nLITTLE ROCK, AR and TORONTO, June 22, 2018 /CNW/ - BSR Real Estate Investment Trust (the \"REIT\") (TSX: HOM.U) announced today that its initial cash distribution following the initial public offering of trust units of the REIT (\"Units\") will be in the amount of US$0.0591 per Unit. The initial distribution will be for the period from May 18, 2018 (the closing date of the initial public offering) to June 30, 2018, to be paid on or about July 16, 2018, to holders of Units of record as of the close of business on June 29, 2018. The REIT currently intends to make subsequent monthly distributions in the estimated amount of US$0.0417 per Unit commencing on or about August 15, 2018, representing US$0.50 per Unit on an annual basis. \n\nAbout BSR Real Estate Investment Trust\n\nBSR Real Estate Investment Trust is an internally managed, unincorporated, open-ended real estate investment trust established pursuant to a declaration of trust under the laws of the Province of Ontario. The REIT owns a portfolio of 48 multifamily garden-style residential properties consisting of 9,879 apartment units located across five bordering states in the Sunbelt region of the United States.\n\nForward-Looking Statements\n\nThis news release may contain forward-looking statements (within the meaning of applicable securities laws) relating to the business of the REIT. Forward-looking statements are identified by words such as \"believe\", \"anticipate\", \"project\", \"expect\", \"intend\", \"plan\", \"will\", \"may\", \"estimate\" and other similar expressions. These statements are based on the REIT's expectations, estimates, forecasts and projections and include, without limitation, statements regarding the intended monthly distributions of the REIT. The forward-looking statements in this news release are based on certain assumptions including, without limitation, that the REIT will have sufficient cash t...