Marwest Real Estate Investment Trust Announces Cash Distribution Policy


WINNIPEG, MB, November 24, 2021 / CNW / – Marwest Apartment Real Estate Investment Trust (“Marwest Apartment REIT” or the “REIT”) (TSXV: MAR.UN) is pleased to announce that its Board of Trustees has adopted a monthly payout policy, following that of the REIT’s monthly Pay dividends. The initial distribution will be made to registered shareholders on December 31, 2021 in a lot of $ 0.00125 per unit ($ 0.015 annualized) and is paid on or approximately 15. January, 2022. Distributions can be suspended, changed or terminated at any time.

Mr. Luke Cain, Chairman of the Board of Trustees, commented, “We are very excited to offer our shareholders distributions that are in line with our goal of providing stable and predictable cash distributions to shareholders.”

About Marwest Apartment REIT

The REIT is an unregistered open trust subject to provincial laws Manitoba. The REIT was formed to give shareholders the opportunity to invest in Canada’s multi-family rental sector by owning high quality, high yielding real estate, with an initial focus on consistently stable markets Western Canada.

The Marwest REIT management team and trustees have over 100 years of combined experience in the multi-family real estate space. You bring along a strong combination of development, construction, management and financing experience as well as extensive governance know-how. The REIT has an external asset and property management contract through the Marwest group of companies. The Marwest Group of Companies is a fully integrated real estate company specializing in development, construction and property management. In the third generation of operations, the Marwest Group has developed over 12,000 units and currently manages over 2,500 units, providing the REIT with a range of first-class tools, industry know-how and strong relationships. Marwest Apartment REIT will continue to benefit from the expertise and strong infrastructure currently available through the Marwest Group.

Forward-Looking Statements

The information in this press release contains certain information and statements regarding the REIT’s cash distribution policy that constitute forward-looking statements. These statements are based on assumptions that are subject to considerable risks and uncertainties. Due to these risks and uncertainties, as well as a variety of factors, the actual results, expectations, performance or performance may differ materially from those expected and stated in these forward-looking statements. Forward-looking statements in this press release include, but are not limited to, the implementation of a cash distribution policy. A number of factors could cause actual results to differ materially from these forward-looking statements. Payment of cash distributions will depend on a number of factors including, but not limited to, the financial performance, financial condition and financial requirements of the REIT. Although the management of the REIT is of the opinion that the expectations expressed in forward-looking statements are reasonable, there can be no assurances that the expectations in forward-looking statements will prove to be correct. Except as required by law, the REIT disclaims any intention and undertakes no obligation to update or revise any forward-looking statements to reflect actual results, whether as a result of new information, future events, changes in assumptions or changes in factors that affect such future –Search for statements or in some other way.

Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this press release.

The Trust Shares are not registered under the United States Securities Act of 1933, as amended (the “US Securities Act”) and may be used within. not be offered or sold The United States or to or for the account or for the benefit of US persons, except in certain transactions that are exempt from the registration requirements of the US Securities Act. This press release constitutes neither an offer to sell nor a solicitation of an offer to buy any securities in the REIT The United States or in another jurisdiction.

SOURCE Marwest Apartment Real Estate Investment Trust

For More Information: Please contact Mr. William Martens, Chief Executive Officer, telephone: (204) 947-1200.