QUEBEC CITY, Feb. 16, 2016 /CNW Telbec/ - Cominar Real
Estate Investment Trust ("Cominar" or the "REIT") (TSX:
CUF.UN) announced today a distribution of 12.25 cents per unit to unitholders of record
as at February 29, 2016, payable
on March 15, 2016.
PROFILE AS AT FEBRUARY 16,
2016
Cominar is the third largest diversified real
estate investment trust in Canada
and currently remains the largest commercial property owner in the
Province of Quebec. The REIT owns
a real estate portfolio of 564 properties in three different market
segments, that is, office properties, retail properties and
industrial and mixed-use properties. Cominar's portfolio totals
45.3 million square feet spread out across Quebec, Ontario, the Atlantic Provinces and
Western Canada. Cominar's
objectives are to pay growing cash distributions to unitholders and
to maximize unitholder value through proactive management and the
expansion of its portfolio.
On January 20, 2016 Cominar
announced the suspension of the distribution reinvestment
plan. If Cominar elects to reinstate the distribution
reinvestment plan in the future, unitholders that were enrolled in
the distribution reinvestment plan at suspension and remain
enrolled at reinstatement will automatically resume participation
in the distribution reinvestment plan. The suspension of the
distribution reinvestment plan does not affect the regular monthly
cash distribution.
For more information and to obtain a participation form, please
visit Cominar's website at www.cominar.com.
SOURCE COMINAR REAL ESTATE INVESTMENT TRUST