Business & Finance
Business and Finance
Business and Finance
Wed, June 15, 2011 TRANSGLOBE APARTMENT REIT ANNOUNCES JUNE 2011 DISTRIBUTION
MISSISSAUGA, ON, June 15, 2011 /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 June 2011, representing an annualized distribution of $0.75 per unit. The distribution will be payable on July 15, 2011 to Unitholders of record as at June 30, 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 receive bonus Trust 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 residential rental properties containing approximately 12,900 suites principally located in urban centres in Alberta, Ontario, Québec, New Brunswick and Nova Scotia.
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.
