TORONTO--(BUSINESS WIRE)--Agellan Commercial Real Estate Investment Trust (“Agellan” or the “REIT”) (TSX: ACR.UN) announced today that its Board of Trustees has declared a distribution of $0.0675 per unit for the month of July 2018, representing $0.810 per unit on an annualized basis. The distribution will be payable on August 15, 2018 to unitholders of record as at July 31, 2018.
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 will hold a conference call to discuss its financial performance for the three-month period ended June 30, 2018 on Tuesday, August 14, 2018 at 2:00 p.m. (Toronto time). The financial results will be released prior to the call.
To access the call, please dial 1-416-641-6104 or 1-800-806-5484 and enter the participant pass code: 5276411. For operator assistance during the call, please press *0.
A replay of the conference call will be available from 5:00 p.m. (Toronto time) on August 14, 2018 until midnight (Toronto time) on September 14, 2018. To access the replay, please call 1-905-694-9451 or 1-800-408-3053 and enter participant pass code: 4332539.
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 44 properties contain 6.3 million square feet of gross leasable area, with the REIT’s ownership interest at 6.0 million square feet. The properties are located in major urban markets in the United States and Canada.