Business
PROREIT announces filing of financial results for the year ended December 31, 2013, date of Annual Meeting and May 2014 distribution
/NOT FOR DISSEMINATION IN THE UNITED STATES OR DISTRIBUTION THROUGH UNITED STATES NEWS...
About this update from Pro Real Estate Investment Trust
[{"type":"text","content":"\n\n\n/NOT FOR DISSEMINATION IN THE UNITED STATES OR DISTRIBUTION THROUGH\n UNITED STATES NEWS OR WIRE SERVICES./\n\n\nMONTRÉAL, May 1, 2014 /CNW/ - PRO Real Estate Investment Trust (\"PROREIT\" or the \"REIT\") (TSXV: PRV.UN) announced today that its financial statements and\n accompanying Management Discussion and Analysis for the year ended\n December 31, 2013 have been posted to the REIT's website (www.proreit.com and filed on SEDAR at www.sedar.com.\n\n\n\"We are pleased to advise the results for the reported period followed\n the plans outlined in our prospectus dated November 19, 2013,\" stated\n James Beckerleg, the REIT's President and Chief Executive Officer. \"The\n acquisitions completed following our public offering confirmed our\n ability to execute on our stated growth strategy. We continue to be\n actively engaged in this process,\" Mr. Beckerleg added.\n\n\nAnnual Meeting\n\n\nPROREIT also advises that it will hold its first annual and special\n meeting of unitholders at 11:00 a.m. (Montreal time) on June 10, 2014.\n The meeting will be held in Montreal and the record date for purposes\n of notice and voting at that meeting has been fixed as the close of\n business on May 6, 2014. Meeting materials will be sent to unitholders\n shortly.\n\n\nDistribution\n\n\nIn addition, the REIT announces that a cash distribution of $0.0175 per\n trust unit of the REIT (\"Units\") for the month of May, 2014 will be payable on June 16, 2014 to\n unitholders of record as at May 30, 2014.\n\n\nUnitholders can participate in PROREIT's distribution reinvestment plan\n (the \"DRIP\"). Eligible investors registered in the DRIP will have their monthly\n cash distributions used to purchase Units issued from treasury and will\n also receive bonus Units equal in value to 3% of their monthly cash\n distributions. Complete details of the DRIP are available from a\n unitholder's investment advisor.\n\n\nAbout PROREIT \n\n\nPROREIT (www.proreit.com) is an unincorporated open-ended real estate investment trust\n established in March, 2013 pursuant to a declaration of trust under the\n laws of the Province of Ontario to own a portfolio of diversified\n commercial real estate properties in Canada, with a focus on primary\n and secondary markets in Québec, Atlantic Canada and Ontario. The\n current portfolio is comprised of nine p...