TORONTO, Jan. 17, 2020 /PRNewswire/ - Granite Real
Estate Investment Trust ("Granite") (TSX: GRT.UN / NYSE:
GRP.U) announced today that its board of trustees has declared
a distribution of CAD$0.242 per
stapled unit for the month of January 2020. The distribution
will be paid by Granite on February 14,
2020 to stapled unitholders of record at the close of
trading on January 31, 2020. The
stapled units will begin trading on an ex-dividend basis at the
opening of trading on Thursday, January 30,
2020 on the Toronto Stock Exchange and on the New York Stock
Exchange.
Granite confirms that no portion of the distribution constitutes
effectively connected income for U.S. federal tax purposes. A
qualified notice providing the breakdown of the sources of the
distribution will be issued to the Depository Trust & Clearing
Corporation subsequent to the record date of January 31, 2020, pursuant to United States
Treasury Regulation Section 1.1446-4.
ABOUT GRANITE
Granite is a Canadian-based REIT engaged in the acquisition,
development, ownership and management of industrial, warehouse and
logistics properties in North
America and Europe. Granite
owns over 90 rental income properties representing approximately 40
million square feet of leasable area on a pro-forma basis.
OTHER INFORMATION
Copies of financial data and other publicly filed documents
about Granite are available through the internet on the Canadian
Securities Administrators' Systems for Electronic Document Analysis
and Retrieval (SEDAR) which can be accessed at www.sedar.com and on
the United States Securities and Exchange Commission's Electronic
Data Gathering, Analysis and Retrieval System (EDGAR) which can be
accessed at www.sec.gov. For further information, please see our
website at www.granitereit.com or contact Teresa Neto, Chief Financial Officer, at
647-925-7560 or Andrea Sanelli,
Manager, Legal & Investor Services, at 647-925-7504.
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SOURCE Granite Real Estate Investment Trust