NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

OTTAWA, Ontario–(BUSINESS WIRE)–InterRent Real Estate Investment Trust (TSX-IIP.UN) (“InterRent”) announced today that its distribution declared for the month of March 2023 is $0.0300 per Trust unit, equal to $0.3600 per Trust unit on an annualized basis. Payment will be made on or about April 17, 2023, to unitholders of record on March 31, 2023.

About InterRent

InterRent REIT is a growth-oriented real estate investment trust engaged in increasing Unitholder value and creating a growing and sustainable distribution through the acquisition and ownership of multi-residential properties.

InterRent’s strategy is to expand its portfolio primarily within markets that have exhibited stable market vacancies, sufficient suites available to attain the critical mass necessary to implement an efficient portfolio management structure, and offer opportunities for accretive acquisitions.

InterRent’s primary objectives are to use the proven industry experience of the Trustees, Management and Operational Team to: (i) to grow both funds from operations per Unit and net asset value per Unit through investments in a diversified portfolio of multi-residential properties; (ii) to provide Unitholders with sustainable and growing cash distributions, payable monthly; and (iii) to maintain a conservative payout ratio and balance sheet.

The Toronto Stock Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

Contacts

Investor Relations

investorinfo@interrentreit.com
www.interrentreit.com

KALAMAZOO, Mich.–(BUSINESS WIRE)–FlavorSum, a North American flavor producer, has begun construction on an expansion project that will add 35,000 square feet to its Kalamazoo, Michigan facility. With the increased footprint, FlavorSum will build out more technical resources and capacity to meet the needs of small, mid-sized and emerging food & beverage companies.

“Response to our solutions model and the growth of SME food and beverage brands led us to expand our capabilities in Kalamazoo,” says Brian Briggs, President and CEO of FlavorSum. “FlavorSum’s mission is to deliver the flexibility of a small supplier with the resources of a major flavor company. The additional space allows us to continue fulfilling our promise.”

The revamped facility and deepening technical expertise reflect FlavorSum’s resolve to maintain industry leading growth rates. Pilot plant and lab space within the new facility will support initiatives such as MicroThermics equipment, improved shipping and receiving processes, and increased product storage.

“At FlavorSum, creating custom flavors that align with brand goals and consumer trends is only one aspect of our approach,” commented Dave Franz, CRO. “We partner with our customers to offer a full suite of services designed to facilitate in-market success, from regulatory expertise and market insights to applications and scale-up support. A larger facility in Kalamazoo ensures we’re positioned to support our customers as they grow.”

The Kalamazoo community is essential to FlavorSum’s operational success. FlavorSum expects increased employment opportunities from the expansion project.

The expansion plan aims to have the facility operating at full capacity in August, 2023.

About FlavorSum

FlavorSum helps growing North American food and beverage companies go to market quickly and cost-effectively. The company provides flavor solutions for delivering great-tasting products that inspire loyalty among today’s consumers. FlavorSum is a portfolio company owned by The Riverside Company, a global private equity firm.

Contacts

Lisa Jackson

Marketing

FlavorSum, LLC

+1 800-525-2431

ljackson@flavorsum.com