TSX:ERE.UN - Post by User
Post by
YellowBrickRoadon Jun 22, 2019 1:06pm
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Post# 29852640
Distribution Now in Euros
Distribution Now in EurosThe distribution will now be paid in Euros. The upcoming distribution to be paid on July 15 will be the last quarterly. The new monthly amount has not been determined yet, but the payout ratio is expected to be in the 80% to 90% range.
Only registered unitholders can elect to receive the distribution in Euros which means if your broker holds them no such option is available:
The Euro-denominated distribution will be paid in Canadian dollars based on the exchange rate on the date of payment. Registered Unitholders will be provided with an option to elect to receive such distribution in Euros rather than Canadian dollars. If no such election is made, registered Unitholders will be paid the distribution in Canadian dollars based on the above exchange rate mechanism. Beneficial Unitholders will not have an option to elect to receive the distribution in Euros.
ERES REIT Declares Final Quarterly Distribution and Announces Transition to Monthly Distributions