HALIFAX, Nova Scotia, May 17, 2018 (GLOBE NEWSWIRE) — Killam Apartment REIT (TSX:KMP.UN) is pleased to announce its May 2018 monthly distribution. The distribution of $0.05333 per unit will be paid on June 15, 2018, to unitholders of record on May 31, 2018.
Killam Apartment REIT offers a distribution reinvestment plan (the “DRIP”). Eligible unitholders may reinvest their cash distributions, on each distribution payment date, in additional units. Participating unitholders will 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 $2.5 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.
For information, please contact:
Nancy Alexander, CPA, CA
Senior Director, Investor Relations & Performance Analytics
Note: The Toronto Stock Exchange has neither approved nor disapproved of the information contained herein.