Fronsac Announces Regular Quarterly Distribution and the Increase of its Distribution for 2014
(firmenpresse) - MONTREAL, QUEBEC -- (Marketwired) -- 11/14/13 -- Fronsac Real Estate Investment Trust ("Fronsac REIT") (TSX VENTURE: GAZ.UN) announced today a distribution of 0.003375$ per unit to unitholders of record as at December 10th, 2013, payable on December 31, 2013.
Fronsac is also pleased to announce that the Board of Trustees has approved an annual dividend increase to 0.0148$ per unit, representing a 0.0013$ increase, or 9.6%. Based on the closing price of the Trust's units on November 14, 2013, this increased dividend represents a 4.9% yield. The dividend increase will be effective January 2014.
ABOUT FRONSAC
Fronsac Real Estate Investment Trust is an open-ended trust that acquires and owns high quality commercial real estate properties, rented to strong tenants under long term, management free and net leases.
Neither the TSX Venture Exchange Inc., nor its Regulatory Services Provider (as that term is defined in the Policy of the TSX Venture Exchange) accept any responsibility for the adequacy or accuracy of this release.
Contacts:
Michel Lassonde
President
(450) 536-5328
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Datum: 14.11.2013 - 22:01 Uhr
Sprache: Deutsch
News-ID 316910
Anzahl Zeichen: 0
contact information:
Town:
MONTREAL, QUEBEC
Kategorie:
Venture Capital
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