CANMARC Real Estate Investment Trust suspends operation of distribution reinvestment plan


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MONTREAL, Jan. 26, 2012 /CNW Telbec/ – CANMARC Real Estate Investment Trust (“CANMARC”) (TSX: CMQ.UN) announced today that in light of the entering into of the previously announced support agreement among CANMARC and Cominar Real Estate Investment Trust, CANMARC will suspend, effective immediately, the operation of its distribution reinvestment plan (the “DRIP”). As a result, the previously declared distribution of $0.07917 per unit of CANMARC for the month of January 2012 which will be paid on February 15, 2012, to unitholders of record as at January 31, 2012, will not be eligible for reinvestment pursuant to the DRIP.

About CANMARC Real Estate Investment Trust

CANMARC (www.canmarc.ca) is an unincorporated open-ended real estate investment trust established pursuant to a declaration of trust under the laws of the Province of Quebec. Managed internally, CANMARC owns a portfolio of Canadian income-producing commercial properties, consisting of retail and office properties with certain industrial properties. In total, CANMARC properties comprise approximately 9.4 million square feet of commercial gross leasable area and 464 multi-family residential units located in Quebec, Atlantic Canada, Western Canada and Ontario.

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Author: kakonged

I am an author, journalist, teacher, and lawyer who lives in Toronto, Canada.

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