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Press release content from Business Wire. The AP news staff was not involved in its creation.
PRESS RELEASE: Paid content from Business Wire
Press release content from Business Wire. The AP news staff was not involved in its creation.

Granite REIT Declares Distribution for December 2020

December 17, 2020 GMT

TORONTO--(BUSINESS WIRE)--Dec 17, 2020--

Granite Real Estate Investment Trust (“ Granite ”) ( TSX: GRT.UN / NYSE: GRP.U ) announced today that its board of trustees has declared a distribution of CAD $0.250 per stapled unit for the month of December 2020. The distribution will be paid by Granite on January 15, 2021 to stapled unitholders of record at the close of trading on December 31, 2020. The stapled units will begin trading on an ex-dividend basis at the opening of trading on Wednesday, December 30, 2020 on the Toronto Stock Exchange and on the New York Stock Exchange.

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Granite confirms that no portion of the distribution constitutes effectively connected income for U.S. federal tax purposes. A qualified notice providing the breakdown of the sources of the distribution will be issued to the Depository Trust & Clearing Corporation subsequent to the record date of December 31, 2020, pursuant to United States Treasury Regulation Section 1.1446-4.

ABOUT GRANITE

Granite is a Canadian-based REIT engaged in the acquisition, development, ownership and management of logistics, warehouse and industrial properties in North America and Europe. Granite owns over 110 investment properties representing approximately 47 million square feet of leasable area.

OTHER INFORMATION

Copies of financial data and other publicly filed documents about Granite are available through the internet on the Canadian Securities Administrators’ System for Electronic Document Analysis and Retrieval (SEDAR) which can be accessed at www.sedar.com and on the United States Securities and Exchange Commission’s Electronic Data Gathering, Analysis and Retrieval System (EDGAR) which can be accessed at www.sec.gov. For further information, please see our website at www.granitereit.com or contact Teresa Neto, Chief Financial Officer, at 647-925-7560 or Andrea Sanelli, Manager, Legal & Investor Services, at 647-925-7504.

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View source version on businesswire.com:https://www.businesswire.com/news/home/20201217006142/en/

CONTACT: Teresa Neto

Chief Financial Officer

647-925-7560

or

Andrea Sanelli

Manager, Legal & Investor Services

647-925-7504

KEYWORD: NORTH AMERICA CANADA

INDUSTRY KEYWORD: REIT FINANCE BANKING PROFESSIONAL SERVICES CONSTRUCTION & PROPERTY

SOURCE: Granite Real Estate Investment Trust

Copyright Business Wire 2020.

PUB: 12/17/2020 05:02 PM/DISC: 12/17/2020 05:02 PM

http://www.businesswire.com/news/home/20201217006142/en