Fron­sac in­creases an­nual dis­tri­bu­tion to 2.016 cents

Stockwatch Daily - - FINANCE - Mr. Ja­son Par­ra­vano re­ports

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

(GAZ) Shares: 69,503,343

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