Northview Residential REIT Announces New Cash Distribution Plan

Northview Residential REIT Distribution Announcement
Northview Residential REIT ('the REIT') has recently made an important announcement regarding its cash distribution for September. Investors are always keen to know about distribution plans, and this announcement is no exception. As of now, the cash distribution amount has been set at C$0.091146 per Unit, translating to an annualized rate of C$1.09 per Unit.
Details of the Distribution
This cash distribution will be payable on October 15 to all holders of Class A Units, Class C Units, and Class F Units, who are on record by September 30. This represents a strategic move by Northview Residential REIT to continue providing value to its shareholders and fulfill its commitments as a trusted investment in real estate.
About Northview Residential REIT
Established as a publicly traded real estate investment trust, Northview Residential REIT operates under a declaration of trust in Ontario. Its mission is focused on acquiring and managing a diverse portfolio of income-generating rental properties. These properties predominantly serve secondary markets across Canada, allowing the REIT to tap into various demographics and economic segments.
Commitment to Quality Living Spaces
Northview Residential REIT prides itself on providing quality housing. With an eye on both tenant satisfaction and investor trust, the REIT is dedicated to maintaining and enhancing its rental offerings. The company understands that comfortable and well-maintained living environments are essential for attracting and retaining tenants, thus ensuring stable revenue streams for its investors.
Future Plans and Aspirations
Looking ahead, Northview Residential REIT will continue to explore new acquisition opportunities to further increase its portfolio and enhance shareholder value. By focusing on markets that show potential for growth, the REIT aims to drive returns for investors while meeting the evolving needs of renters.
Contact Information
For additional information about Northview Residential REIT and its strategic initiatives, interested parties can reach out to the following contacts:
Todd Cook, President and Chief Executive Officer
Tel: (403) 531-0720
Email: tcook@nvreit.ca
Sarah Walker, Chief Financial Officer
Tel: (403) 531-0720
Email: swalker@nvreit.ca
Frequently Asked Questions
What is the cash distribution amount for September?
Northview Residential REIT has announced a cash distribution of C$0.091146 per Unit for September.
When will the distribution be payable?
The cash distribution will be payable on October 15 to all eligible holders of Units.
What types of Units does Northview Residential REIT issue?
The REIT issues Class A Units, Class C Units, and Class F Units.
What is the focus of Northview Residential REIT?
Northview Residential REIT aims to acquire and operate income-producing rental properties primarily in secondary markets across Canada.
How can I learn more about Northview Residential REIT?
For further details, you can contact the REIT directly or visit their official website for more insights.
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