Granite REIT declares distribution for February 2022
TORONTO–(BUSINESS WIRE)–Granite Real Estate Investment Trust (“Granite”) (TSX: GRT.UN / NYSE: GRP.U) today announced that its Board of Directors has declared a distribution of C$0.2583 per Stapled Unit for the month of February 2022. The distribution will be paid by Granite on Tuesday, March 15, 2022 to registered Stapled Unitholders at the close of trading on Monday, February 28, 2022. The paired units will begin trading on an ex-dividend basis at the opening of trading on Friday, February 25, 2022 on the Toronto Stock Exchange and the New York Stock Exchange.
Granite confirms that no part of the distribution constitutes effectively related income for US federal tax purposes. A qualified notice providing the breakdown of the sources of the distribution will be sent to the Depository Trust & Clearing Corporation after the record date of February 28, 2022, pursuant to United States Treasury Regulations Section 1.1446-4.
Granite is a Canadian REIT engaged in the acquisition, development, ownership and management of logistics, warehouse and industrial properties in North America and Europe. Granite owns 126 investment properties representing approximately 53.3 million square feet of leasable area.
Copies of financial data and other publicly filed documents relating to Granite are available on the Internet at the Canadian Securities Administrators’ System for Electronic Document Analysis and Retrieval (SEDAR), accessible at www.sedar.com and on the United States Securities and Exchange. The Commission’s Electronic Data Collection, Analysis and Retrieval System (EDGAR), accessible at www.sec.gov. For more information, please visit our website at www.granitereit.com or contact Teresa Neto, Chief Financial Officer, at 647-925-7560 or Andrea Sanelli, Associate Director, Legal & Investor Services, at 647-925 -7504.