VANCOUVER, Feb. 14, 2019 /CNW/ - Pure Multi-Family REIT LP
("Pure Multi-Family") (TSXV: RUF.U, RUF.UN, RUF.DB.U; OTCQX: PMULF)
announced today that the Board of Directors of Pure Multi-Family
REIT (GP) Inc., the governing general partner of Pure Multi-Family,
has approved a cash distribution of US$0.03125 per unit for the month of February 2019 (equivalent to US$0.375 per unit on an annualized
basis). The distribution will be paid on March 15, 2019 to unitholders of record at the
close of business on February 28,
2019.
Based on initial estimates of 2019 taxable income, Pure
Multi-Family anticipates that approximately 40% of its monthly
distributions will be considered return of capital and 60% will be
taxable as U.S. sourced income. Instructions have been
provided to its transfer agent to advise all investment brokerages
to apply applicable U.S. withholding taxes to the taxable portion
on the monthly distribution only, as applicable. Pure
Multi-Family will adjust this taxable estimate in future periods,
as necessary. Please note this is only an estimate and the final
taxable breakdown for 2019 will be determined subsequent to year
end.
The policy of Pure Multi-Family is to pay cash distributions on
or about the 15th day of each month to the unitholders
of record on the last business day of the preceding month. Pure
Multi-Family currently has 76,736,671 units issued and
outstanding.
About Pure Multi-Family REIT LP
Pure Multi-Family is a Canadian based, publicly traded vehicle
which offers investors exclusive exposure to attractive,
institutional quality U.S. multi-family real estate
assets.
Additional information about Pure Multi-Family is available at
puremultifamily.com or sedar.com.
NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES
PROVIDER (AS THAT TERM IS DEFINED IN POLICIES OF THE TSX VENTURE
EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF
THIS RELEASE.
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SOURCE Pure Multi-Family REIT LP