Killam Apartment REIT Announces April 2023 Distribution

HALIFAX, NS , April 17, 2023 /CNW/ - Killam Apartment REIT (TSX: KMP.UN) is pleased to announce its April 2023 monthly distribution. The distribution of $0.05833 per unit will be paid on May 15, 2023 , to unitholders of record on April 28, 2023 .

Killam Apartment REIT offers a distribution reinvestment plan (the "DRIP"). Eligible unitholders may reinvest their cash distributions, on each distribution payment date, in additional units. Participating unitholders will receive an additional distribution of units representing 3% of the amount of the distribution reinvested pursuant to the DRIP.

Killam Apartment REIT, based in Halifax, Nova Scotia , is one of Canada's largest residential real estate investment trusts, owning, operating, and developing a $4.8 billion portfolio of apartments and manufactured home communities. Killam's strategy is to enhance value and profitability by focusing on three priorities: 1) increasing earnings from existing operations, 2) expanding the portfolio and diversifying geographically through accretive acquisitions, with an emphasis on newer properties, and 3) developing high-quality properties in its core markets.

Note: The Toronto Stock Exchange has neither approved nor disapproved of the information contained herein.

SOURCE Killam Apartment Real Estate Investment Trust

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