Le Lézard
Classified in: Business
Subject: v

CAPREIT Announces May 2022 Distribution and Amendment to DRIP

TORONTO, May 19, 2022 (GLOBE NEWSWIRE) -- Canadian Apartment Properties Real Estate Investment Trust ("CAPREIT") (TSX ? CAR.UN) announced today its May 2022 monthly distribution in the amount of $0.12083 per Unit (or $1.45 on an annualized basis). The May distribution will be payable on June 15, 2022 to Unitholders of record on May 31, 2022.

CAPREIT has approved changes to its Distribution Reinvestment Plan ("DRIP") to permit the suspension of the issuance of bonus Units to participants. Consequently, commencing with the June 2022 distribution, participants in the DRIP as of the record date of June 30, 2022 will receive CAPREIT Units at a price equal to the weighted average trading price of CAPREIT Units on the Toronto Stock Exchange for the five trading days immediately preceding each distribution date, without any bonus Units being issued.

CAPREIT Unitholders who wish to amend or alter their participation in the DRIP should make arrangements with their broker, dealer, bank or other market participant as soon as possible to ensure that any changes can be processed before the upcoming June 30, 2022 record date, as their broker, dealer, bank or other market participant may have earlier deadlines.

CAPREIT is Canada's largest publicly-traded provider of quality rental housing. CAPREIT currently owns or has interests in approximately 67,000 residential apartment suites, townhomes and manufactured housing community sites well-located across Canada and the Netherlands with approximately $18 billion of assets under management globally. Since its Initial Public Offering in May 1997, CAPREIT has grown monthly cash distributions per Unit by 103%. For more information about CAPREIT, its business and its investment highlights, please visit our website at www.capreit.ca and our public disclosure which can be found under our profile at www.sedar.com.

For further information please contact:

Mr. Mark Kenney,
President & CEO
(416) 861-9404
Mr. Stephen Co,
Interim CFO
(416) 306-3009


These press releases may also interest you

at 11:08
Corsicana Mattress Company and certain of its affiliated entities filed for voluntary reorganization today under Chapter 11 of the U.S. Bankruptcy Code in the Northern District of Texas in Fort Worth. The filing indicated that Corsicana will be...

at 09:52
Canadians deserve high-quality and efficient government services that are accessible, timely, and make their lives easier. The delays in immigration application and passport processing are unacceptable and the Government of Canada is urgently working...

at 07:00
Note: All times local Kigali, Rwanda Private meetings 8:00 a.m. The Prime Minister will participate in an intergenerational dialogue breakfast with Commonwealth youth leaders. Kigali Convention Centre Note for media: Pooled coverage9:00 a.m. The...

at 06:15
Using Verv, business customers in Europe can open a digital bank account with its unique IBAN ? International Bank Account Number ? for standardised banking services worldwide. This is the international equivalent of Australia's BSB system but on a...

at 04:25
The San Francisco Deputy Sheriffs' Association wrote a letter to San Francisco Mayor London Breed and requested that she intervene to force the San Francisco Sheriff's Office to increase hiring. SFDSA President Ken Lomba stated, "We have been...

at 04:00
As the influx of new digitized assets continues to soar, investors around the globe have more options than ever to diversify their wealth. This new investment landscape has had many pondering about where to increase their latest ventures, and what...

News published on 19 may 2022 at 20:05 and distributed by: