The Globe and Mail

Go to the Globe and Mail homepage

Jump to main navigationJump to main content

Press release from CNW Group

Cominar Real Estate Investment Trust Announces February 2011 Monthly Distribution

Friday, February 11, 2011

Cominar Real Estate Investment Trust Announces February 2011 Monthly Distribution10:49 EST Friday, February 11, 2011TSX - CUF.UNQUEBEC CITY, Feb. 11 /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 February 28, 2011, payable on March 15, 2011. PROFILE as at February 11, 2011Cominar is the largest commercial property owner in the Province of Québec. The REIT owns a real estate portfolio of 258 high-quality properties, consisting of 48 office, 51 retail and 159 industrial and mixed-use buildings that cover a total area of over 20 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.For further information: Michel Dallaire, P.Eng., President and Chief Executive OfficerMichel Berthelot, CA,Executive Vice President and Chief Financial OfficerTel: (418) 681-8151 mdallaire@cominar.com mberthelot@cominar.com