Business & Finance
Business and Finance
Business and Finance
Fri, February 18, 2011
Thu, February 17, 2011 HOMBURG CANADA REAL ESTATE INVESTMENT TRUST ANNOUNCES FEBRUARY 2011 DISTRIBUTION
MONTREAL, Feb. 17 /CNW/ - Homburg Canada Real Estate Investment Trust ("HCR") (TSX: HCR.UN) announced today that a cash distribution of $0.07917 per unit of HCR (the "Units") for the month of February, 2011 will be payable on March 15, 2011 to unitholders of record as at February 28, 2011.
Unitholders can participate in HCR's distribution reinvestment plan (the "DRIP"). Eligible investors registered in the DRIP will have their monthly cash distributions used to purchase Units issued from treasury and will also receive bonus Units equal in value to 3% of their monthly cash distributions. The DRIP offers unitholders the opportunity to steadily increase their ownership in HCR without incurring any commissions or brokerage fees. Complete details of the DRIP are available from a unitholder's investment advisor.
About Homburg Canada Real Estate Investment Trust
Homburg Canada Real Estate Investment Trust is an unincorporated open-ended real estate investment trust established pursuant to a declaration of trust under the laws of the Province of Quebec. Managed internally, HCR owns a portfolio of Canadian income-producing commercial properties, comprised mainly of retail and office properties with certain industrial properties, as well as certain income-producing multi-family residential properties. The properties comprise approximately 6.9 million square feet of commercial gross leasable area and 1,725 multi-family residential units located in Québec, Atlantic Canada, Western Canada and Ontario.
