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TORONTO, Might 07, 2024 (GLOBE NEWSWIRE) — Nexus Industrial REIT (“Nexus” or the “REIT”) (TSX: NXR.UN) introduced in the present day the declaration of the Might and June 2024 distributions.
The REIT will make a money distribution within the quantity of $0.05333 per unit, representing $0.64 per unit on an annualized foundation, payable June 14, 2024, to unitholders of document as of Might 31, 2024.
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The REIT may even make a money distribution within the quantity of $0.05333 per unit, representing $0.64 per unit on an annualized foundation, payable July 15, 2024, to unitholders of document as of June 28, 2024.
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The REIT’s distribution reinvestment plan (“DRIP”) entitles eligible unitholders to elect to obtain all, or a portion of the money distributions of the REIT reinvested in items of the REIT. Eligible unitholders who so elect will obtain a bonus distribution of items equal to 4% of every distribution that was reinvested by them below the DRIP.
About Nexus Industrial REIT
Nexus is a growth-oriented actual property funding belief targeted on rising unitholder worth by the acquisition of commercial properties situated in major and secondary markets in Canada and the possession and administration of its portfolio of properties. The REIT at present owns a portfolio of 117 properties (together with two properties held for improvement through which the REIT has an 80% curiosity) comprising roughly 12.5 million sq. toes of gross leasable space. The REIT has roughly 93,506,000 voting items issued and excellent, together with roughly 68,895,000 REIT Models and roughly 24,611,000 Class B LP Models of subsidiary restricted partnerships of Nexus, that are convertible to REIT Models on a one-to-one foundation.
For additional info please contact:
Kelly C. Hanczyk, CEO at (416) 906-2379; or
Mike Rawle, CFO at (289) 837-2650.
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