Press release from CNW Group
Cominar Real Estate Investment Trust Announces October 2010 Monthly Distribution
Friday, October 15, 2010
TSX - CUF.UN
QUEBEC CITY, Oct. 15 /CNW Telbec/ - Cominar Real Estate Investment Trust ("Cominar" or the "REIT") announced today a distribution of 12.0 cents per unit to unitholders of record as at October 29, 2010, payable on November 15, 2010.
PROFILE as at October 15, 2010
Cominar is the largest commercial property owner in the Province of Québec. The REIT owns a real estate portfolio of 243 high-quality properties, consisting of 45 office, 51 retail and 147 industrial and mixed-use buildings that cover a total area of over 19.5 million square feet in the Greater Québec City, Montréal and Ottawa areas as well as in the Atlantic provinces. Cominar's objectives are to deliver growing cash distributions to its unitholders and to maximize unitholder value through proactive management and the growth of its portfolio.
The REIT has a distribution reinvestment plan for its unitholders that allows participants to reinvest their monthly distributions in additional Trust units. Participants will be given the right to receive an effective discount of 5% of distributions to which they are entitled in the form of additional units. Additional information and enrolment forms are available at www.cominar.com.
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For further information: <p><b>Michel Dallaire, P.Eng.</b>, President and Chief Executive Officer<br/> <b>Michel Berthelot, CA,</b>Executive Vice President and Chief Financial Officer<br/> <b>Tel: (418) 681-8151</b><br/> <a href="mailto:firstname.lastname@example.org">email@example.com</a><br/> <a href="mailto:firstname.lastname@example.org">email@example.com</a></p>