CALGARY, Feb. 20, 2020 /PRNewswire/ - Boardwalk Real
Estate Investment Trust (TSX: BEI.UN)
Boardwalk REIT ("Boardwalk", "The Trust") declared today its
regular distribution for the month of February 2020 to be $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 16, 2020 to unitholders of record on
February 28, 2020.
The Trust is announcing its February
2020 distribution in advance of its regularly scheduled
inclusion in Boardwalk's quarterly report, which is scheduled to be
released on February 27, 2020, 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 1,600 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.bwalk.com/investors
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SOURCE Boardwalk Real Estate Investment Trust