Fronsac Real Estate Investment Trust Announces Distribution, Payable on December 30, 2016; Announces Increase to the Annual Distribution Rate for 2017
November 10, 2016 at 06:40 pm EST
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Fronsac Real Estate Investment Trust announced a distribution of 0.4075 cents per unit to unit holders of record on December 16, 2016 and payable on December 30, 2016.
The company also announced an increase to the annual distribution rate for 2017 to 1.80 cents per unit from 1.63 cents, an increase of 10%. This increase will be effective for the March 31, 2017 distribution.
Canadian Net Real Estate Investment Trust (the Trust) is a Canada-based open-ended real estate investment trust. The Trust owns and rents commercial real estate properties directly, through its wholly owned subsidiaries and joint ventures. The Trust operates in one segment, commercial real estate located in Canada. The Trust holds approximately 101 investment properties, 83 residing in the province of Quebec, nine in the province of Ontario and nine in the province of Nova Scotia. The properties are occupied by four distinct groups of tenants composed of retailers, national service station and convenience store chains, quick-service restaurant chains, and others. The Trust's properties include 40-50 Brunet Street, 230 St-Luc Blvd, 196 Hotel-de-Ville Blvd, 1349-1351 Road 117, 275 Barkoff Street, 530 Barkoff Street, 340-344 Montee du Comte, 1440-50 St-Laurent East Blvd, 1460 St-Laurent East Blvd, 7335 Guillaume Couture Blvd, 4200 Bernard-Pilon Street and others.
CANADIAN NET REAL ESTATE INVESTMENT TRUST 
