CALGARY, Alberta, June 07, 2022 (GLOBE NEWSWIRE) — AIP Realty Trust (the “Trust” Where “AIP Real Estate”) (TSXV:AIP.U) is pleased to announce that its Board of Directors has approved a distribution policy and declared a quarterly cash distribution in the amount of $0.04 per unit, or 0.16 $ per unit on an annualized basis. The distribution will be payable on July 15, 2022 to Unitholders of record on June 30, 2022. All dollar amounts are in US dollars.
The Trust is considering the creation of a distribution reinvestment plan (“DROP”), which will provide unitholders with the option of reinvesting their cash distributions in additional units of the Trust. The Trust will announce details of the DRIP plan when it is complete and make entry forms available on its website at www.aiprealtytrust.com.
About AIP Realty Trust
AIP Realty Trust is a real estate investment trust with a growing portfolio of flexible light industrial facilities focused on the small business and commercial and service sectors in the United States. These properties cater to a wide range of small space users, such as contractors, skilled trades, suppliers, repair services, last mile providers, small businesses, and assembly and distribution businesses. They typically offer attractive fundamentals, including low tenant turnover, stable cash flow and low investment intensity, as well as significant growth opportunities. Initially focusing on the Dallas-Fort Worth market, AIP plans to roll out this innovative real estate offering nationwide. AIP holds exclusive development finance and purchase rights to all completed and leased properties built across North America by its property development and management partner, AllTrades Industrial Properties, Inc. For more information, please visit www.aiprealtytrust.com.
For more information about the Trust, contact:
Chief executive officer
Precautionary Forward-Looking Information Statement
This press release contains statements that constitute “forward-looking information” within the meaning of applicable securities laws, including statements regarding AIP Realty Trust’s current plans, intentions, beliefs and expectations with respect to future business activities and operating performance. Forward-looking information is often identified by the words “may”, “would”, “could”, “should”, “will”, “intend”, “plan”, “anticipate”, “believe”, ” estimates”, “expects” or similar expressions and includes information regarding future acquisitions by the Trust, the ability to obtain regulatory and Unitholder approvals and other factors. When or if used in this press release, the words “anticipate”, “believe”, “estimate”, “expect”, “target”, “plan”, “expect”, “may”, “program” and similar words or phrases identify forward-looking statements or information. These forward-looking statements or information may relate to proposed financing activity, proposed acquisitions, regulatory or governmental requirements or approvals, reliability of third party information and other factors or information. These statements represent the Trust’s current views with respect to future events and are necessarily based on a number of assumptions and estimates which, while believed to be reasonable by the Trust, are inherently subject to important business, economic, competitive, political and social risks, contingencies and uncertainties. Many factors, known and unknown, could cause actual results, performance or achievements to differ materially from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements. The Trust does not intend, and undertakes no obligation, to update such forward-looking statements or information to reflect changes in assumptions or changes in circumstances or any other event affecting such statements and information other than those required by laws, rules and regulations.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This press release does not constitute an offer of securities for sale in the United States. Securities may not be offered or sold in the United States absent registration or an exemption from registration under the US Securities Act of 1933, as amended (the “US Securities Act”). The Trust has not and will not register the securities under the US Securities Act. The Trust does not intend to engage in a public offering of its securities in the United States.
Source: AIP Real Estate Trust