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InterRent REIT Announces February Distribution and Application to the TSX
InterRent REIT Announces February Distribution and Application to the TSX.
About this update from Interrent Real Estate Investment Trust
[{"type":"text","content":"\n\n\n\n/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR\n\n\nDISSEMINATION IN THE UNITED STATES/\n\n\nTORONTO, Feb. 20 /CNW/ - InterRent Real Estate Investment Trust\n(TSX-V:IIP.UN) (\"InterRent\") announced today that its distribution declared\nfor the month of February 2007 is $0.0317, representing $0.38 per Unit on an\nannualized basis. Payment will be made on or about March 15, 2007 to\nUnitholders of record on February 28, 2007. The REIT also announced that\nholders of Class B limited partner units of InterRent Holdings Limited\nPartnership (a subsdiairy of the REIT) shall receive $0.0317 per limited\npartner unit for the month of February, payable on or about March 15, 2007.\n\n\nAt the close of business on February 19, 2007, InterRent had 14,378,156\nunits issued and outstanding, which together with 774,063 class B limited\npartner units of InterRent Holdings Limited Partnership outstanding, results\nin an aggregate of 15,152,219 equivalent trust units issued and outstanding\nbased on the exchange provisions applicable with respect to limited partner\nunits of InterRent Holdings Limited Partnership.\n\n\nHolders of Units who are non-residents of Canada will be required to pay\nall withholding taxes payable in respect of any distributions of income by the\nREIT.\n\n\nTSX Listing\n\n\nInterRent is also pleased to announce that it has recently applied to\nlist its outstanding Units on the Toronto Stock Exchange (\"TSX\"). If approved,\nlisting will be subject to InterRent fulfilling the listing requirements of\nthe TSX.\n\n\nAbout InterRent\n\n\nInterRent is a rapidly expanding, growth-oriented real estate investment\ntrust engaged in building unitholder value through the accretive acquisition,\nownership and operation of strategically located income producing\nmulti-residential real estate, with 1,828 apartment suites under ownership and\napproximately 1,200 suites under contract, for a total of more than 3,000\napartment suites.\n\n\nThis news release is intended for distribution in Canada only and is not\nintended for distribution to United States newswire services or dissemination\nin the United States. The securities being offered have not, nor will they be\nregistered under the United States Securities Act of 1933, as amended, and may\nnot be offered or sold within the United States or to, or for the ac...