Canadian Real Estate Investment Trust Split Distribution.TORONTO--(BUSINESS WIRE)--Nov. 3, 1997--(TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). REF.UN.) Canadian Canadian (kənā`dēən), river, 906 mi (1,458 km) long, rising in NE New Mexico. and flowing E across N Texas and central Oklahoma into the Arkansas River in E Oklahoma. Real Estate Investment Trust ("CREIT CREIT Canadian Real Estate Investment Trust ") today announced its decision to split the previously announced November November: see month. distribution as a result of a public offering of 3.2 million units which is expected to close on November 13, 1997. A distribution of 3.6 cents per unit will be paid to Unitholders of Record as at November 12, 1997, being the date immediately prior to the closing of the public offering. This portion of the distribution will be payable on December 5, 1997 and represents a partial payment of the previously announced distribution of 9 cents per unit for the month of November, pro-rated for the first 12 days of November. The balance of 5.4 cents of the previously announced distribution of 9 cents per unit for November will be payable on December 5, 1997 to Unitholders of Record November 28, 1997. The Split Distribution ensures an equitable equitable adj. 1) just, based on fairness and not legal technicalities. 2) refers to positive remedies (orders to do something, not money damages) employed by the courts to solve disputes or give relief. (See: equity) EQUITABLE. split of the November distribution to all CREIT Unitholders. CONTACT: Canadian Real Estate Investment Trust Tim McSorley, 416/ 921-7771 ext. 258 |
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