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ERES REIT Announces Monthly Distribution in May of 2021!

The trustees of European Residential Real Estate Investment Trust (TSX: ERE.UN, “ERES”) have announced a monthly cash distribution of €0.00917 per Unit and Class B LP Unit in May 2021 (the “May Distribution”), which is equal to €0.110 per Unit annualized. Holders of Units and Class B LP Units (the "Unitholders") of record on May 31, 2021 will be eligible for the distribution, which will be paid on June 15, 2021. find property qatar
The Euro-denominated distribution would be charged in Canadian dollars at the time of delivery, depending on the exchange rate at the time (estimated C$0.01345 per Unit and Class B LP Unit). Registered Unitholders would have the option of receiving their distribution in Euros instead of Canadian dollars. If no such election is made, registered Unitholders will receive their distribution in Canadian dollars using the exchange rate mechanism described above. Beneficial Unitholders would not be able to choose between receiving the distribution in Euros or in US dollars. In April 2021, the final cash allocation was C$0.01345 per Unit and Class B LP Unit.
Investors in our Distribution Reinvestment Plan will continue to earn an extra amount equal to 5% of their distributions paid in the form of additional Units as a way to promote participation and reward our loyal Unitholders.
Subject to the discretion of the ERES Board of Trustees, ERES plans to continue to make routine monthly distributions. ERES continues to aim for an AFFO payout ratio of between 80 and 90 percent. Holders of Class B LP Units would receive a cash dividend from ERES Limited Partnership in proportion to their investment.
ERES is a European Research and Education Society.
ERES is a real estate investment trust that is unincorporated and open-ended. The Units of ERES are traded on the Toronto Stock Exchange under the mark ERE.UN. ERES is Canada's first multi-residential REIT based on Europe, with a new initial emphasis on high-quality multi-residential real estate properties in the Netherlands. ERES owns 139 multi-residential properties in the Netherlands, totaling 6,047 suites and ancillary retail space, as well as one office property in Germany and one office property in Belgium.
11 Church Street, Suite 401, Toronto, Ontario M5E 1W1 is the licensed and principal business office of ERES.
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