MARWEST REAL ESTATE INVESTMENT TRUST ANNOUNCES MONTHLY CASH DISTRIBUTION
/ NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISTRIBUTION IN THE UNITED STATES/
WINNIPEG, MB, Dec 15, 2021 / CNW / – The Marwest Apartment Real Estate Investment Trust (“Marwest Apartment REIT” or the “REIT”) (TSXV: MAR) announced that its trustees will receive a monthly cash distribution of $ 0.00125 per Trust Unit (“Trust Unit”) of the REIT for the month of December 2021, which corresponds to a cash distribution per Trust Unit of. is equivalent to $ 0.015 on an annual basis. The cash distributions will be made on January 17, 2022 to shareholders on record December 31, 2021.
As of the date of this publication, a total of 8,831,564 Shares and 10,841,274 Convertible Shares are issued and outstanding.
About Marwest Apartment REIT
The REIT is an unregistered open trust subject to provincial laws Manitoba. The REIT was formed to provide shareholders with the opportunity to invest in Canada’s multi-family rental sector by owning high quality, high yielding real estate, with an initial focus on stable markets in all areas Western Canada.
The management team and trustees of Marwest REIT together have more than 100 years of experience in the apartment building sector. 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, giving the REIT a range of world-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 relating to the REIT’s current monthly cash distribution policy, which 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. A number of factors could cause actual results to differ materially from these forward-looking statements. The declaration and / or payment of future 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
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