HALIFAX, NOVA SCOTIA–(Marketwired – June 19, 2017) – Killam Apartment REIT (TSX:KMP.UN) is pleased to announce its June 2017 monthly distribution. The distribution of $0.05167 per unit will be paid on July 17, 2017, to unitholders of record on June 30, 2017.
Killam Apartment REIT offers a distribution reinvestment plan (the “DRIP”). The DRIP provides eligible unitholders with the opportunity to reinvest their cash distributions, on each distribution payment date, in additional units. Participating unitholders will also receive an additional distribution of units representing 3% of the amount of the distribution reinvested pursuant to the DRIP.
About Killam Apartment REIT
Killam Apartment REIT, based in Halifax, Nova Scotia, is one of Canada’s largest residential landlords, owning, operating and developing a $2 billion portfolio of apartments and manufactured home communities. Killam’s strategy to enhance value and profitability focuses on three priorities: 1) increasing earnings from existing operations, 2) expanding the portfolio and diversifying geographically through accretive acquisitions, with an emphasis on newer properties, and 3) developing high-quality properties in its core markets.
Note: The Toronto Stock Exchange has neither approved nor disapproved of the information contained herein.
Director, Investor Relations