/NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE
UNITED STATES/
TORONTO, Feb. 21, 2014 /CNW/ - Inovalis Real Estate Investment Trust
(the "REIT") (TSX: INO.UN) announced today that its Board of Trustees has declared
the REIT's monthly cash distribution of CDN$0.06875 per unit for the
period from February 1, 2014 to February 28, 2014. The distribution
will be payable on March 17, 2014 to unitholders of record as of the
close of business on February 28, 2014. Distributions paid to
unitholders who are non-residents of Canada will be subject to
applicable Canadian withholding tax.
The REIT is giving the following tax information estimate for the
CDN$0.06875 distribution payable on March 17, 2014 (the "Distribution"). The following is based on the REIT's current estimate of taxable
income for Canadian federal income tax purposes for the 2013 taxation
year (final actual numbers for the 2013 taxation year are not available
yet and will be communicated as soon as they are). For Canadian federal
income tax purposes, CDN$0.0515625 of the Distribution is considered to
be a return of capital. CDN$0.0171875 of the Distribution is considered
to be a distribution of trust income. The trust income portion of the
Distribution is subject to Canadian withholding tax at a rate of 25
percent, subject to relief provided under an applicable income tax
convention. The return of capital portion of the Distribution is exempt
from Canadian withholding tax.
About Inovalis Real Estate Investment Trust
Inovalis Real Estate Investment Trust is an unincorporated, open-ended
real estate investment trust established pursuant to a declaration of
trust under the laws of the Province of Ontario. The REIT has been
created for the purpose of acquiring and owning office properties
primarily located in France and Germany but also opportunistically in
other European countries where assets meet the REIT's investment
criteria. The REIT currently owns an interest in four office properties
in France and Germany, comprising 529,267 square feet (49,170 square
metres) of gross leasable area.
SOURCE Inovalis Real Estate Investment Trust
Antoine Tronquoy,
Chief Financial Officer
Inovalis Real Estate Investment Trust
antoine.tronquoy@inovalis.com
Tel: +1 416 845 1483
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