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MARWEST APARTMENT REAL ESTATE INVESTMENT TRUST ANNOUNCES INCREASE IN MONTHLY CASH DISTRIBUTION POLICY

Newswire.ca - Fri Jun 14, 5:00PM CDT

/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/

WINNIPEG, MB, June 14, 2024 /CNW/ - Marwest Apartment Real Estate Investment Trust ("Marwest Apartment REIT" or the "REIT") (TSXV: MAR.UN) announced its Trustees approved an increase of approximately two percent over the current distributions payable to $0.0013 monthly per trust unit ("Trust Unit") of the REIT commencing the month of June 2024, representing a cash distribution per Trust Unit of $0.0156 on an annualized basis. The cash distributions will be made on July 15, 2024 to Unitholders on record as of June 30, 2024.

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