trending Market Intelligence /marketintelligence/en/news-insights/trending/PSAvIoVydJ5fmhhXhniHhA2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

In This List

Crombie REIT declares cash-and-unit special distribution

Credit Analytics Case Study Poundworld Retail Ltd

Segment

IFRS 9 Impairment How It Impacts Your Corporation And How We Can Help

The Market Intelligence Platform

Real Estate

Real Estate Solutions Overview


Crombie REIT declares cash-and-unit special distribution

Crombie Real Estate Investment Trust, as expected, said its board declared a special distribution of 56 Canadian cents per unit, payable in units at 46 cents apiece and in cash at 10 cents apiece.

The Canadian retail landlord said the payout stems from additional income generated by completed and planned capital recycling transactions in 2019. It used most of the net cash proceeds from the sale transactions to reinvest in value creation opportunities with Empire Company Ltd. and its major development projects.

The REIT said the amount payable in units will increase the tax cost basis of unit holders' consolidated units, while the remaining portion of the special distribution will be paid in cash Jan. 15, 2020. The company will make the distribution to all unit holders of record as at Dec. 31.