MARWEST APARTMENT REAL ESTATE INVESTMENT TRUST ANNOUNCES THE GRANT OF DEFERRED UNITS IN SATISFACTION OF THE TRUSTEE’S REMUNERATION | 2021-12-31 | Press Releases

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WINNIPEG, MB, December 31, 2021 / CNW / – Marwest Apartment Real Estate Investment Trust (“REIT Apartment Marwest ” or the “FPI”) (TSXV: MAR.UN) announces the issuance of Deferred Units of the REIT (“Deferred shares“) to certain of its trustees for the period of October 1, 2021 through December 31, 2021, effective today, in accordance with the REIT Incentive Plan adopted in April 30, 2021 (the “Incentive action plan“) and the REIT’s policy regarding the automatic settlement of the remuneration of the trustees in deferred units.

The remuneration payable to the trustees for the period indicated (with the exception of directors’ fees which were paid in cash) was paid entirely in deferred shares at a price of $ 1.10 by deferred share. Mr. Luke Cain, chairman, received 7,561 deferred shares, Mr. Jason pellaers, Chairman of the Audit Committee, received 6,415 deferred shares, Mr. Cornelius Martens issued 4,124 deferred shares and Mr. James green 4,124 deferred shares were issued, reflecting monetary compensation of $ 8,317.10, $ 7,056.50, $ 4,536.40 and $ 4,536.40, respectively, rounded to the nearest unit.

In accordance with the share-based incentive plan, each deferred unit is accompanied by a special unit with voting rights of the REIT.

About Marwest Apartment REIT

The REIT is an unincorporated open-ended trust governed by the laws of the Province of Manitoba. The REIT was formed to provide Unitholders with the opportunity to invest in the Canadian multi-family rental industry by owning high-quality income-producing properties, with an initial focus on stable markets throughout. of the Western Canada.

Neither TSXV nor its Regulation Services Provider (as that term is defined in the policies of TSXV) accepts responsibility for the adequacy or accuracy of this press release.

SOURCE Marwest Apartment Real Estate Investment Trust

Cision See original content: http://www.newswire.ca/en/releases/archive/December2021/31/c6439.html


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