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Bullboard - Stock Discussion Forum Minto Apartment Real Estate Investment Trust T.MI.UN

Alternate Symbol(s):  MIAPF

Minto Apartment Real Estate Investment Trust (the REIT) is a Canada-based open-ended real estate investment trust. The REIT owns income-producing multi-residential properties located in urban markets in Canada. The REIT owns a portfolio of income-producing multi-residential rental properties located in Toronto, Montreal, Ottawa, and Calgary. Its portfolio includes 28 multi-residential rental... see more

TSX:MI.UN - Post Discussion

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Post by apollojetic on Nov 09, 2021 6:33pm

Dividend increased 4.4%

The REIT is also pleased to announce that its Board of Trustees has approved a 4.4% increase to its cash distributions, raising the monthly unitholder distribution from an annualized rate of $0.455 per unit to $0.475 per unit . The distribution increase reflects the REIT's strong growth prospects and high level of confidence in its business model, long-term strategy, and overall business outlook. The increase will be effective for the REIT's November 2021 cash distribution, which will be paid on December 15, 2021 to unitholders of record as at November 30, 2021 .
Comment by materialsgirl on Nov 09, 2021 7:04pm
for men of certain habits the increase payout can lead o  at least one extra pint per Quarter.  What a joy mat
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