Canada NewsWire
TORONTO, Feb. 16, 2017
TORONTO, Feb. 16, 2017 /CNW/ - Granite Real Estate
Investment Trust ("Granite") (TSX: GRT.UN / NYSE: GRP.U) announced today that its board of trustees has declared a
distribution on Granite's stapled units of CDN$0.217 per stapled unit. The distribution will
be paid by Granite on March 15, 2017 to stapled unitholders of record at the close of trading on
February 28, 2017. The stapled units will begin trading on an ex-dividend basis at the
opening of trading on February 24, 2017 on the Toronto Stock Exchange and on the New York Stock
Exchange.
As it relates to certain unitholders, Granite confirms that no portion of the above distribution constitutes effectively
connected income. A qualified notice providing the breakdown of the sources of the above distribution will be issued to the
Depository Trust & Clearing Corporation (DTCC) subsequent to the record date of February 28,
2017, pursuant to United States Treasury Regulation Section 1.1446-4.
ABOUT GRANITE
Granite is a Canadian-based REIT engaged in the ownership and management of predominantly industrial, warehouse and logistics
properties in North America and Europe. Granite owns
approximately 30 million square feet in over 90 rental income properties. Our tenant base currently includes Magna International
Inc. and its operating subsidiaries as our largest tenants, together with tenants from other industries.
OTHER INFORMATION
Copies of financial data and other publicly filed documents are available through the internet on the Canadian Securities
Administrators' Systems for Electronic Document Analysis and Retrieval (SEDAR) which can be accessed at www.sedar.com and on the United States Securities and Exchange
Commission's Electronic Data Gathering, Analysis and Retrieval System (EDGAR) which can be accessed at www.sec.gov. For further information, please see our website at
www.granitereit.com or contact Michael Forsayeth, Chief Executive Officer, at 647-925-7600 or Ilias
Konstantopoulos, Chief Financial Officer, at 647-925-7540.
SOURCE Granite Real Estate Investment Trust
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