Canadian REITs schedule distribution for April 2017

Canadian REITs schedule distribution for April 2017

Canadian REITs schedule distribution for April 2017 Morguard North American Residential Real Estate Investment Trust—an unincorporated, open-ended REIT—has announced its distribution for the month of April 2017.

Payable on May 15 to unitholders of record as of April 28, the distribution will be valued at $0.05333 per unit.

Through a limited partnership, the REIT owns interests in a portfolio comprising of 15 Canadian residential apartment communities in Alberta and Ontario, along with 31 U.S. low-rise and mid-rise, garden-style apartment communities located in Alabama, Colorado, Florida, Georgia, Louisiana, North Carolina and Texas (consisting of more than 13,000 residential suites)

Meanwhile, Summit Industrial Income REIT announced its $0.042 per unit cash distribution to unitholders of record as of April 30. The distribution is scheduled for May 15.

“Summit II’s amended and restated distribution reinvestment plan provides residents of Canada the opportunity to elect to have their cash distributions reinvested in additional units of Summit II,” the company stated. Interested parties can find more information on the REIT’s website.

Summit II grows and manages a portfolio of light industrial properties across Canada.