/NOT FOR DISTRIBUTION TO
Summary of Business Activity and period-end
- The estimated fair value of the Kalamazoo Property, which was purchased for
$10 million , increased to$10.6 million based on an updated external appraisal report. - The REIT maintains its monthly distributions to its unitholders of
$0.00225 per unit, or$0.027 per unit on an annualized basis.
Results of operations for the period ended
Commenting on the current operating environment,
For further information, please see the Condensed Interim Consolidated Financial Statements for the period ended
Caution Regarding Forward-Looking Statements
This press release contains statements that include forward-looking information within the meaning of Canadian securities laws. These forward-looking statements reflect the current expectations of the REIT regarding future events, including statements concerning the ability of the REIT to achieve its stated investment objectives, any future acquisitions and the future success of the platform. In some cases, forward-looking statements can be identified by terms such as "may", "will", "could", "occur", "expect", "anticipate", "believe", "intend", "estimate", "target", "project", "predict", "forecast", "continue", or the negative thereof or other similar expressions concerning matters that are not historical facts.
These statements are not guarantees of future performance and undue reliance should not be placed on them. Such forward-looking statements necessarily involve known and unknown risks and uncertainties, which may cause actual performance and financial results in future periods to differ materially from any result expressed or implied by such forward-looking statements, including the risk factors set forth in the Annual Information Form dated
Although forward-looking statements contained in this press release are based upon what management of NOVA believes are reasonable assumptions, there can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. NOVA undertakes no obligation to update forward-looking statements if circumstances or management's estimates or opinions should change except as required by applicable securities laws. The reader is cautioned not to place undue reliance on forward-looking statements.
SOURCE
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