TORONTO, April 17, 2018 /CNW/ - Granite Real
Estate Investment Trust ("Granite") (TSX: GRT.UN / NYSE: GRP.U)
announced today that its board of trustees has declared a
distribution on Granite's stapled units of CDN$0.227 per stapled unit. The distribution will
be paid by Granite on May 15, 2018 to
stapled unitholders of record at the close of trading on
April 30, 2018. The stapled
units will begin trading on an ex-dividend basis at the opening of
trading on Friday, April 27, 2018 on
the Toronto Stock Exchange and on the New York Stock Exchange.
As it relates to certain unitholders, Granite confirms that no
portion of the above distribution constitutes effectively connected
income. A qualified notice providing the breakdown of the
sources of the above distribution will be issued to the Depository
Trust & Clearing Corporation (DTCC) subsequent to the record
date of April 30, 2018, pursuant to
United States Treasury Regulation Section 1.1446-4.
ABOUT GRANITE
Granite is a Canadian-based REIT engaged in the acquisition,
development, ownership and management of predominantly industrial,
warehouse and logistics properties in North America and Europe. Granite owns over 85 rental income
properties representing approximately 30 million square feet of
leasable area. Through the thoughtful deployment of its
balance sheet and selective dispositions, Granite is continuing to
build a high quality, globally diversified industrial real estate
business.
OTHER INFORMATION
Copies of financial data and other publicly filed documents
about Granite are available through the internet on the Canadian
Securities Administrators' Systems for Electronic Document Analysis
and Retrieval (SEDAR) which can be accessed at www.sedar.com and on
the United States Securities and Exchange Commission's Electronic
Data Gathering, Analysis and Retrieval System (EDGAR) which can be
accessed at www.sec.gov. For further information, please see
our website at www.granitereit.com or contact Michael Forsayeth, Chief Executive Officer, at
647-925-7600 or Ilias
Konstantopoulos, Chief Financial Officer, at
647-925-7540.
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SOURCE Granite REIT Holdings LP