CALGARY, Feb. 15, 2018 /CNW/ - Boardwalk Real Estate
Investment Trust ('BEI.UN' – TSX)
Boardwalk REIT ("Boardwalk", "The Trust") announced its regular
monthly distribution for February of 2018 of $0.0834 per Trust Unit, which equates to
$1.00 per Trust Unit on an annualized
basis.
The February distribution will be payable on March 15, 2018 to unitholders of record as at
February 28, 2018.
The Trust is announcing its February
2018 distribution in advance of its regularly scheduled
inclusion in Boardwalk's quarterly report, which is scheduled for
February 26, 2018, to comply with the
Toronto Stock Exchange's distribution declaration reporting
requirement of at least five trading days prior to its record
date.
Corporate Profile:
Boardwalk REIT strives to provide
Canada's friendliest communities
and currently owns and operates more than 200 communities with over
33,000 residential units totaling over 28 million net rentable
square feet. Boardwalk's principal objectives are to provide
its Residents with the best quality communities and superior
customer service, while providing Unitholders with sustainable
monthly cash distributions, and increase the value of its Trust
Units through selective acquisitions, dispositions, development,
and effective management of its residential multi-family
communities. Boardwalk REIT is vertically integrated and is
Canada's leading owner/operator of
multi-family communities with 1,700 Associates bringing Residents
home to properties located in Alberta, Saskatchewan, Ontario, and Quebec.
Boardwalk REIT's Trust Units are listed on the Toronto Stock
Exchange, trading under the symbol BEI.UN. Additional
information about Boardwalk REIT can be found on the Trust's
website at www.BoardwalkREIT.com.
SOURCE Boardwalk Real Estate Investment Trust