Fronsac increases annual distribution to 2.016 cents
FRONSAC REAL Estate Investment Trust has increased its annual distribution from 1.8 cents per unit to 2.016 cents per unit, an increase of 12 per cent. This marks the sixth consecutive annual distribution increase since the REIT’s inception in July, 2011. This increase also represents a 61-per-cent growth in the distribution per unit from the 2012 distribution of 1.25 cents. Furthermore, as of January, 2018, Fronsac’s distributions will be made on a monthly basis rather than quarterly.
Jason Parravano, president and chief executive officer, said: “We are pleased to announce another increase to our annual distribution rate. This increase proves true to the business model that
Fronsac is trying to achieve. We have had another year of strong growth, which we have been able to translate into additional cash flow per unit. This additional cash flow and growth will once again be passed along to our unitholders, even quicker now with the change to monthly distributions in 2018.”
About Fronsac Real Estate Investment Trust
Fronsac is an open-ended trust that acquires and owns high-quality triple-net and management-free commercial real estate properties.
We seek Safe Harbor.
Patrick Bazinet, Jacques Beaudry, Richard Chicoine, Guy P Dancosse, Martin Grimard, Joseph Guy Laframboise, Francois-Olivier Laplante, Michel Lassonde
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