The Euro-denominated distribution will be paid in Canadian dollars based on the exchange rate on the date of payment (estimated
To encourage participation and reward our loyal Unitholders, investors registered in our Distribution Reinvestment Plan will continue to receive an additional amount equal to 5% of their distributions paid in the form of additional Units.
ERES intends to continue to make regular monthly distributions, subject to the discretion of the ERES board of trustees. ERES continues to target an AFFO payout ratio in the range of 80% to 90%.
About ERES
ERES is an unincorporated, open-ended real estate investment trust. ERES’s Units are listed on the TSX under the symbol ERE.UN. ERES is Canada’s only European-focused, multi-residential REIT, with a current initial focus on investing in high-quality, multi-residential real estate properties in
ERES’s registered and principal business office is located at
For more information, please visit our website at www.eresreit.com.
For further information
ERES
Mr. Phillip Burns
Chief Executive Officer
416.354.0167
p.burns@eresreit.com
ERES
Mr.
Chief Financial Officer
416.861.5771
s.cryer@eresreit.com
Source:
2020 GlobeNewswire, Inc., source