Northview Residential REIT Declares Cash Distribution for September
Northview Residential REIT Declares September Cash Distribution
CALGARY, Alberta -- Northview Residential REIT, commonly referred to as the "REIT," has announced important details regarding its cash distribution for September, offering a solid return to its investors. The payment, amounting to C$0.091146 per Unit, which translates to C$1.09 on an annualized basis, reflects the company's ongoing commitment to delivering reliable financial benefits to its stakeholders.
Cash Distribution Details
The cash distribution will be payable on the upcoming date of October 15 to all holders of the REIT's various Unit classes. This includes Class A Units, Class C Units, and Class F Units, with the recorded date being September 30. Northview Residential REIT is making strides to ensure that its distribution maintains its steady trajectory, signifying trust and reliability in what can be an unpredictable market.
Overview of Northview Residential REIT
Northview Residential REIT operates as a publicly traded real estate investment trust, following a declaration of trust established under the laws of the Province of Ontario. Its primary focus is on the indirect acquisition, ownership, and management of income-producing rental properties situated in secondary markets throughout Canada. Such a strategy allows the REIT to tap into diverse income sources beyond major metropolitan areas, potentially offering stability and growth opportunities.
Mission and Portfolio
The mission of Northview Residential REIT centers on providing quality residential living while ensuring fruitful returns for investors through careful asset selection and property management. By investing in regions identified for growth and stability, the REIT is poised not only for sustainable income but also for capital appreciation over time.
Leadership and Contact Information
At the helm of Northview Residential REIT are qualified professionals committed to steering the organization towards success. Todd Cook, the President and Chief Executive Officer, alongside Chief Financial Officer Sarah Walker, leads the REIT with decades of combined experience in real estate and finance. Those interested in learning more or have specific inquiries can reach Todd at (403) 531-0720 or via email at tcook@nvreit.ca. Sarah can also be contacted at the same phone number or by emailing swalker@nvreit.ca.
Frequently Asked Questions
What is the amount of the cash distribution announced?
The announced cash distribution is C$0.091146 per Unit, which annualizes to C$1.09 per Unit.
When will the distribution be paid?
The cash distribution will be payable on October 15 to all eligible Unit holders.
Who qualifies for the distribution?
Holders of Class A, Class C, and Class F Units recorded as of September 30 will qualify for the cash distribution.
What is Northview Residential REIT's primary purpose?
The primary purpose of Northview Residential REIT is to indirectly acquire, own, and manage income-producing rental properties across secondary markets in Canada.
How can I contact Northview Residential REIT?
You can contact Todd Cook or Sarah Walker at (403) 531-0720 or via email at tcook@nvreit.ca and swalker@nvreit.ca, respectively.
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