Press release from Marketwire
CAPREIT Announces November 2013 Distribution
Friday, November 15, 2013
CAPREIT Announces November 2013 Distribution17:00 EST Friday, November 15, 2013
TORONTO, ONTARIO--(Marketwired - Nov. 15, 2013) - Canadian Apartment Properties Real Estate Investment Trust ("CAPREIT") (TSX:CAR.UN) announced today its November 2013 monthly distribution in the amount of $0.09583333 per Unit (or $1.15 on an annualized basis). The November distribution will be payable on December 16, 2013 to Unitholders of record on November 29, 2013.
To encourage participation and reward our loyal Unitholders, investors registered in our Distribution Reinvestment Plan will continue to receive an additional amount equal to 5% of their distributions paid in the form of additional Units.
As one of Canada's largest residential landlords, CAPREIT is a growth-oriented investment trust owning interests in 39,242 residential units, comprised of 35,372 residential suites and 18 manufactured home communities comprising 3,870 land lease sites, located in and near major urban centres across Canada and in Dublin, Ireland. Since its Initial Public Offering in May 1997, CAPREIT has grown monthly cash distributions per Unit by 61%. For more information about CAPREIT, its business and its investment highlights, please refer to our website at www.capreit.net∩╗┐ and our public disclosure, which can be found under our profile at www.sedar.com.
FOR FURTHER INFORMATION PLEASE CONTACT:
Mr. Michael Stein
Mr. Thomas Schwartz
President & CEO
Mr. Scott Cryer
Chief Financial Officer