TORONTO – (BUSINESS WIRE) – November 17, 2021 – Granite Real Estate Investment Trust (“Granite“) (TSX: GRT.UN / NYSE: GRP.U) announced today that its Board of Directors has declared a distribution of C $ 0.250 per Stapled Unit for the month of November 2021. The distribution will be paid by Granite on December 15, 2021 to Stapled Unitholders of record at the close of markets on Tuesday, November 30, 2021. The Stapled Shares will begin trading on an ex-dividend basis when trading opens Monday, November 29, 2021 on the Toronto Stock Exchange and the New York Stock Exchange.
Granite confirms that no portion of the distribution constitutes actual related income for US federal tax purposes. A qualified notice providing the breakdown of distribution sources will be issued to the Depository Trust & Clearing Corporation after the registration date of November 30, 2021, in accordance with Section 1.1446-4 of the United States Treasury Regulations.
Granite is a Canadian REIT engaged in the acquisition, development, ownership and management of logistics, warehouse and industrial properties in North America and Europe. Granite owns 126 investment properties representing approximately 53.3 million square feet of leasable area.
Copies of financial data and other public documents relating to Granite are available on the Internet on the Canadian Securities Administrators’ Electronic Document Search and Analysis System (SEDAR), accessible at www.sedar.com and on the United States Stock Exchange. The Commission’s Electronic Data Collection, Analysis and Retrieval System (EDGAR), available at www.sec.gov. For more information, please visit our website at www.granitereit.com or contact Teresa Neto, Chief Financial Officer, at 647-925-7560 or Andrea Sanelli, Manager, Legal and Investor Services, at 647- 925-7504.