Business & Finance
Business and Finance
Business and Finance
Tue, January 18, 2011
Mon, January 17, 2011 TRANSGLOBE APARTMENT REIT ANNOUNCES JANUARY 2011 DISTRIBUTION
MISSISSAUGA, ON, Jan. 17 /CNW/ -TransGlobe Apartment Real Estate Investment Trust (TSX: TGA.UN) (the "REIT") today announced a cash distribution of $0.0625 per unit for the month of January 2011, representing an annualized distribution of $0.75 per unit. The distribution will be payable on February 15, 2011 to Unitholders of record as at January 31, 2011.
Unitholders can participate in the REIT's Unitholder Distribution Reinvestment Plan ("DRIP"). Eligible investors registered in the DRIP will have their monthly cash distributions used to purchase Trust Units, and will also received bonus Units equal to 3% of their monthly cash distributions.
About TransGlobe Apartment Real Estate Investment Trust
TransGlobe Apartment Real Estate Investment Trust is an unincorporated, open-ended real estate investment trust established under the laws of the Province of Ontario. The REIT's portfolio is comprised of 65 residential rental properties containing 8,179 suites principally located in urban centres in Alberta, Ontario, Québec, New Brunswick and Nova Scotia that were previously owned or co-owned and operated by affiliates of TransGlobe Investment Management Ltd. ("TGIM"). TGIM and an affiliate administer and operate the assets of the REIT in order to support the REIT's external management structure.
This press release contains forward-looking statements which reflect the REIT's current expectations regarding future events. The forward-looking statements involve risks and uncertainties. Actual results could differ materially from those projected herein. The REIT disclaims any obligation to update these forward-looking statements except as required by securities laws.
