Alignvest Student Housing REIT Updates on Unit Pricing and Distribution
Alignvest Student Housing REIT Unveils New Unit Pricing
Alignvest Student Housing is excited to announce the Fair Market Value (FMV) of its Units. The Class F Unit is set at $148.00, while the Class A Unit has an FMV of $143.18. These valuations are crucial for investors as they guide subscription and redemption processes.
Understanding Distribution Payments
Recently, ASH REIT's Board approved a Monthly Distribution of $0.50 per Unit. Annually, this amounts to $6.00 per Unit. This payment is particularly beneficial for unitholders, providing them with a steady income stream. The distribution will take effect for unitholders on record effective the previous month, allowing for a seamless transition into the new financial period.
Distribution Reinvestment Plan Details
For those participating in the Distribution Reinvestment Plan (DRIP), new Units will be issued at FMV less 2%. This means that the new Class F and Class A Units will be available at $145.04 and $140.32 respectively. The DRIP offers investors a way to reinvest their distributions and potentially enhance their investment over time.
Valuation Guidelines and Updates
The FMV per Class F and Class A Units is determined according to strict valuation guidelines approved by ASH REIT's Board of Trustees. Investors can expect updates to their records within 15 days following each valuation date. Furthermore, the detailed FMV calculations are available on their website, promoting transparency.
About Alignvest Student Housing REIT
Alignvest Student Housing REIT is formed under Ontario laws and focuses on owning income-producing purpose-built student accommodations across the country. The Trust aims to provide opportunities for accredited investors through a continuous offering memorandum, ensuring a fair and knowledgeable investment experience.
Investment Approach and Opportunities
Investors looking to capitalize on the educational housing sector will find Alignvest a compelling opportunity—given the growing demand for student accommodations in Canada. ASH REIT has efficient processes in place to ensure quality investment options.
Market Insights and Future Outlook
Given the unique positioning of student housing as a resilient asset class, Alignvest is well-positioned for continued growth. The need for quality student housing is only expected to increase, making this investment avenue promising for the future. Stakeholders can look forward to the potential of strong returns as market dynamics evolve.
Engagement with Unitholders
Frequently Asked Questions
What is the current FMV of Class F and Class A Units?
The current FMV is $148.00 for Class F Units and $143.18 for Class A Units.
What is the Monthly Distribution amount from ASH REIT?
The Monthly Distribution is $0.50 per Unit, which totals $6.00 annually.
How does the Distribution Reinvestment Plan work?
Through the DRIP, unitholders can acquire new Units at 2% less than the FMV, with current values set at $145.04 for Class F and $140.32 for Class A Units.
Where can I find more information about the FMV calculations?
More information can be found on the Alignvest Student Housing REIT website, detailing their valuation policy.
What investment opportunities does ASH REIT offer?
ASH REIT offers investment opportunities in income-producing, purpose-built student accommodations across Canada, mainly to accredited investors through a continuous offering memorandum.
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