TORONTO--(BUSINESS WIRE)--Agellan Commercial Real Estate Investment Trust (“Agellan” or the “REIT”) (TSX:ACR.UN) announced today that the Trustees of Agellan have declared a distribution of $0.06458 per unit for the month of July, 2016, representing $0.775 per unit on an annualized basis. The distribution will be payable on August 15, 2016 to unitholders of record as at July 29, 2016.
Agellan offers a distribution reinvestment plan (“DRIP”) to unitholders whereby the participants may elect to have their cash distributions used to purchase trust units of the REIT. Unitholders wishing to participate should contact their investment advisors to enroll in the DRIP.
Second Quarter Conference Call
Agellan announced today that it will hold a conference call to discuss its financial performance for the period ended June 30, 2016 on Monday, August 15, 2016 at 2:00 p.m. EST. The results will be released prior to the call.
To access the call, please dial 1-416-340-2217 or 1-866-696-5910 and enter the participant pass code: 4017749. For operator assistance during the call, please press *0.
A replay of the conference call will be available from 5:00 p.m. EST on August 15, 2016 until midnight EST, August 29, 2016. To access the replay, call 1-905-694-9451 or 1-800-408-3053 and enter participant pass code: 2517107.
About Agellan Commercial Real Estate Investment Trust
The REIT is an unincorporated, open-ended real estate investment trust established pursuant to a declaration of trust under the laws of the Province of Ontario. The REIT was created for the purpose of acquiring and owning industrial, office and retail properties in select target markets in the United States and Canada.
The REIT's current portfolio aggregates approximately 4.7 million square feet of gross leasable area in 31 properties. The properties are primarily located in major urban markets in the United States and Canada.