TORONTO, July 17, 2019 /CNW/ - Granite Real Estate
Investment Trust ("Granite") (TSX: GRT.UN / NYSE:
GRP.U) announced today that its board of trustees has declared
a distribution of CAD$0.233 per
stapled unit for the month of July
2019 representing $2.80 per
stapled unit on an annualized basis. The distribution will be
paid by Granite on August 15, 2019 to
stapled unitholders of record at the close of trading on
July 31, 2019. The stapled units will
begin trading on an ex-dividend basis at the opening of trading on,
Tuesday, July 30, 2019 on the Toronto
Stock Exchange and on the New York Stock Exchange.
Granite confirms that no portion of the distribution constitutes
effectively connected income for U.S. federal tax purposes. A
qualified notice providing the breakdown of the sources of the
distribution will be issued to the Depository Trust & Clearing
Corporation subsequent to the record date of July 31, 2019, 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 industrial, warehouse and
logistics properties in North
America and Europe. Granite
owns over 80 investment properties representing approximately 34
million square feet of leasable area.
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 Teresa Neto, Chief Financial Officer, at
647-925-7560 or Andrea Sanelli,
Manager, Legal & Investor Services, at 647-925-7504.
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SOURCE Granite Real Estate Investment Trust