Northview Fund Announces Cash Distribution of June 2023, Payable on July 17, 2023
June 24, 2023 at 02:30 am IST
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Northview Fund announced its June 2023 cash distribution amounts on its outstanding Class A Units, Class C Units and Class F Units (collectively, the Units), payable on July 17, 2023 to holders of Units of record at June 30, 2023. Further to the press release announcing the recapitalization event on June 12, 2023, the distribution amounts will be as follows: CAD 0.05208 per Class A Unit, representing approximately CAD 0.63 per Unit on an annualized basis; CAD 0.05497 per Class C Unit, representing approximately CAD 0.66 per Unit on an annualized basis; CAD 0.05373 per Class F Unit, representing approximately CAD 0.64 per Unit on an annualized basis.
Northview Residential REIT is a Canada-based real estate investment trust. The Company is engaged in indirectly acquiring, owning, and operating a portfolio of income-producing rental properties in secondary markets within Canada. Its properties include multi-residential properties, commercial properties, and execusuite properties. Its multi-residential properties include Dawson Townhomes, Ridgeview Apartments, Parkview Apartments, Tuscany Manor, County Squire A and B, Willowbrook Townhomes, Mt. Glacier Apartments, and Springhill Apartments, among others. Its commercial properties include the Franklin Manor Building, Bristol Court Sun Life, Blackstone Federal Building, Mack Travel Building, Shoppers Drug Mart, NWT Commerce Place, and others. Its execusuite properties include Inuvik Capital Suites, Capital Suites, and Iqualit Capital Suites. The Company operates more than 14,600 multi-residential suites and execusuites.