TORONTO, Nov. 15, 2022 (GLOBE NEWSWIRE) — European Residential Real Estate Investment Trust (TSX: ERE.UN, “ERES”) is happy to announce that the trustees of ERES have declared the November 2022 month-to-month money distribution of €0.01 per Unit and Class B LP Unit (the “November Distribution”), being equal to €0.12 per Unit annualized. The distribution will likely be payable to holders of the Units and Class B LP Units (the “Unitholders”) of file on November 30, 2022, with fee on December 15, 2022.
The Euro-denominated distribution will likely be paid in Canadian {dollars} primarily based on the trade fee on the date of fee (estimated C$0.01369 per Unit and Class B LP Unit). Registered Unitholders will likely be supplied with an choice to elect to obtain such distribution in Euros fairly than Canadian {dollars}. If no such election is made, registered Unitholders will likely be paid the distribution in Canadian {dollars} primarily based on the above trade fee mechanism. Beneficial Unitholders won’t have an choice to elect to obtain the distribution in Euros. The last money distribution in respect of October 2022 was C$0.01369 per Unit and Class B LP Unit.
To encourage participation and reward our loyal Unitholders, buyers registered in our Distribution Reinvestment Plan will proceed to obtain a further quantity equal to five% of their distributions paid within the type of extra Units.
ERES intends to proceed to make common month-to-month distributions, topic to the discretion of the ERES Board of Trustees. ERES continues to focus on an AFFO payout ratio within the vary of 80% to 90%. ERES Limited Partnership will make corresponding money distributions to holders of Class B LP Units.
About ERES
ERES is an unincorporated, open-ended actual property funding belief. ERES’s Units are listed on the TSX underneath the image ERE.UN. ERES is Canada’s solely European-focused, multi-residential REIT, with a present preliminary deal with investing in high-quality, multi-residential actual property properties within the Netherlands. ERES owns a portfolio of 158 multi-residential properties, comprised of 6,900 suites and ancillary retail house positioned within the Netherlands, and owns one workplace property in Germany and one workplace property in Belgium.
ERES’s registered and principal business workplace is positioned at 11 Church Street, Suite 401, Toronto, Ontario M5E 1W1.
For extra data, please go to our web site at www.eresreit.com.
For additional data
| ERES | ERES |
| Mr. Phillip Burns | Ms. Jenny Chou |
| Chief Executive Officer | Chief Financial Officer |
| 416.354.0167 | 416.354.0188 |
| [email protected] | [email protected] |
