TORONTO, October 15, 2020 (GLOBE NEWSWIRE) – European Residential Real Estate Investment Trust (TSX: ERE.UN, YOU ARE) is pleased to announce that the Trustees of ERES have declared the October 2020 monthly cash distribution of 0.00875 per unit and per Class B LP unit (the October Distribution), equivalent to 0.105 per annualized unit. The distribution will be payable to holders of Unitholders and Class B LP Units (on Unitholders) of the file on October 30, 2020, with payment on November 16, 2020.
The Euro denominated distribution will be paid in Canadian dollars based on the exchange rate on the date of payment (estimate of C $ 0.01348 per Class B LP Unit and Unit). Registered Unitholders will have the option of electing to receive such distribution in euros rather than Canadian dollars. If such an election is not made, Unitholders of record will receive the distribution in Canadian dollars under the exchange rate mechanism above. Beneficial Unitholders will not be able to elect to receive the distribution in euros. The final cash distribution with respect to September 2020 was C $ 0.01348 per unit and per Class B unit.
To encourage participation and to reward our loyal Unitholders, investors enrolled in our Distribution Reinvestment Plan will continue to receive an additional amount equal to 5% of their distributions paid in the form of additional Units.
ERES intends to continue to make regular monthly distributions, subject to the discretion of the Board of Directors of ERES. ERES continues to aim for an AFFO payout ratio of between 80% and 90%. ERES Limited Partnership will pay corresponding cash distributions to holders of Class B LP Units.
ERES is an unincorporated open-ended real estate investment trust. ERES units are listed on the TSX under the symbol ERE.UN. ERES is the only European-oriented multi-residential REIT in Canada, with a current initial focus on investing in high-quality multi-residential real estate properties in the Netherlands. ERES has a portfolio of 137 multi-residential buildings, comprising 5,865 suites and ancillary commercial spaces located in the Netherlands, and owns an office building in Germany and an office building in Belgium.
The head office and registered office of ERES are located at 11 Church Street, Suite 401, Toronto, Ontario M5E 1W1.
For more information, please visit our website at www.eresreit.com.
For more information
|YOU ARE||YOU ARE|
|Mr. Phillip Burns||Mr. Scott Cryer|
|General manager||Financial director|
|[email protected]||[email protected]|
What Are The Main Benefits Of Comparing Car Insurance Quotes Online
LOS ANGELES, CA / ACCESSWIRE / June 24, 2020, / Compare-autoinsurance.Org has launched a new blog post that presents the main benefits of comparing multiple car insurance quotes. For more info and free online quotes, please visit https://compare-autoinsurance.Org/the-advantages-of-comparing-prices-with-car-insurance-quotes-online/ The modern society has numerous technological advantages. One important advantage is the speed at which information is sent and received. With the help of the internet, the shopping habits of many persons have drastically changed. The car insurance industry hasn't remained untouched by these changes. On the internet, drivers can compare insurance prices and find out which sellers have the best offers. View photos The advantages of comparing online car insurance quotes are the following: Online quotes can be obtained from anywhere and at any time. Unlike physical insurance agencies, websites don't have a specific schedule and they are available at any time. Drivers that have busy working schedules, can compare quotes from anywhere and at any time, even at midnight. Multiple choices. Almost all insurance providers, no matter if they are well-known brands or just local insurers, have an online presence. Online quotes will allow policyholders the chance to discover multiple insurance companies and check their prices. Drivers are no longer required to get quotes from just a few known insurance companies. Also, local and regional insurers can provide lower insurance rates for the same services. Accurate insurance estimates. Online quotes can only be accurate if the customers provide accurate and real info about their car models and driving history. Lying about past driving incidents can make the price estimates to be lower, but when dealing with an insurance company lying to them is useless. Usually, insurance companies will do research about a potential customer before granting him coverage. Online quotes can be sorted easily. Although drivers are recommended to not choose a policy just based on its price, drivers can easily sort quotes by insurance price. Using brokerage websites will allow drivers to get quotes from multiple insurers, thus making the comparison faster and easier. For additional info, money-saving tips, and free car insurance quotes, visit https://compare-autoinsurance.Org/ Compare-autoinsurance.Org is an online provider of life, home, health, and auto insurance quotes. This website is unique because it does not simply stick to one kind of insurance provider, but brings the clients the best deals from many different online insurance carriers. In this way, clients have access to offers from multiple carriers all in one place: this website. On this site, customers have access to quotes for insurance plans from various agencies, such as local or nationwide agencies, brand names insurance companies, etc. "Online quotes can easily help drivers obtain better car insurance deals. All they have to do is to complete an online form with accurate and real info, then compare prices", said Russell Rabichev, Marketing Director of Internet Marketing Company. CONTACT: Company Name: Internet Marketing CompanyPerson for contact Name: Gurgu CPhone Number: (818) 359-3898Email: [email protected]: https://compare-autoinsurance.Org/ SOURCE: Compare-autoinsurance.Org View source version on accesswire.Com:https://www.Accesswire.Com/595055/What-Are-The-Main-Benefits-Of-Comparing-Car-Insurance-Quotes-Online View photos
to request, modification Contact us at Here or [email protected]