Business
Inovalis Real Estate Investment Trust announces July distribution and implementation of dividend reinvestment program
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About this update from Inovalis Reit
[{"type":"text","content":"\n\n\n/NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE\n UNITED STATES/\n\n\nTORONTO, July 18, 2013 /CNW/ - Inovalis Real Estate Investment Trust\n (the \"REIT\") (TSX: INO.UN) announced today that its Board of Trustees has declared\n the REIT's monthly cash distribution of CDN$0.06875 per unit for the\n period from July 1, 2013 to July 31, 2013. The distribution will be\n payable on August 15, 2013 to unitholders of record as of the close of\n business on July 31, 2013. Distributions paid to unitholders who are\n non-residents of Canada will be subject to applicable Canadian\n withholding tax.\n\n\nThe REIT also announced today that the REIT has implemented a\n distribution reinvestment plan (the \"DRIP\") that takes effect following\n the above-noted distribution for those unitholders who enroll in the\n DRIP. Participants in the DRIP will have their cash distributions used\n to purchase units of the REIT and will also receive a \"bonus\n distribution\" of units equal in value to 3% of each distribution.\n Unitholders wishing to participate should contact their investment\n advisors to enroll in the DRIP.\n\n\nAbout Inovalis Real Estate Investment Trust \n\n\nInovalis Real Estate Investment Trust is an unincorporated, open-ended\n real estate investment trust established pursuant to a declaration of\n trust under the laws of the Province of Ontario. The REIT has been\n created for the purpose of acquiring and owning office properties\n primarily located in France and Germany but also opportunistically in\n other European countries where assets meet the REIT's investment\n criteria. The REIT currently owns an interest in four office properties\n in France and Germany, comprising 528,267 square feet (49,170 square\n metres) of gross leasable area.\n\nSOURCE: Inovalis Real Estate Investment Trust\n\n\n David Giraud, Chief Executive Officer Inovalis Real Estate Investment Trust Tel: +33 (0) 1 5643 3323 Fax: +33 (0) 1 5643 3324 Copyright CNW Group 2013","length":2816,"tagName":"div"}]