Adventus Realty Trust by its Trustee, Adventus Realty Services Inc. (the “Trust”) is pleased to announce that the Board of Trustees has approved an increase of US $0.03 per unit to the monthly Trust distribution, to an annualized rate of US $1.05 per unit, representing a 2.9% increase over the current annualized distribution rate. The increase will be effective with the April 2018 distribution, which is expected to be payable in May 2018. Also effective for April 1, 2018, the Board of Trustees has increased the equity issuance price to US $17.00 per unit for any future equity financings.
In addition to the aforementioned distribution increase, the Board of Trustees has approved the March 2018 monthly distribution of US $0.085 per unit (annualized at US $1.02 per unit). The distribution will be payable on April 16, 2018 to unitholders of record as of March 30, 2018.
In accordance with the Trust’s Distribution Reinvestment Plan (the “Plan”), eligible unitholders can elect to receive their distributions in units of Adventus Realty Trust at a 3% discount to the Average Market Price. For purposes of the March 2018 distribution, the Board of Trustees has determined the Average Market Price is US $16.50 per unit, equal to the subscription price of the most recently completed private placement.
Adventus is a Canadian based private Real Estate Investment Trust (REIT) and is focused on US income producing commercial real estate, in the suburban office markets of Chicago, Illinois and Atlanta, Georgia. For more information on Adventus, including our team, corporate strategy, photo gallery, details of our portfolio and press releases, we invite you to visit our website at www.adventusrealty.com.
Cautionary Statements Regarding Forward-Looking Statements
This press release may contain forward-looking statements with respect to the REIT and its operations, strategy, financial performance and financial condition, as well as with respect to the previously disclosed acquisitions and future acquisitions of properties. These statements generally can be identified by the use of forward-looking terminology such as “anticipate”, “believe”, “plan”, “forecast”, “expect”, “intend”, “would”, “could”, “if”, “may” and similar expressions. The actual results and performance of the REIT and the acquisitions discussed herein could differ materially from those expressed or implied by such statements. Accordingly, readers should not place undue reliance on forward-looking statements. These cautionary statements qualify all forward-looking statements attributable to the REIT and persons acting on its behalf. Such statements are qualified in their entirety by the inherent risks and uncertainties surrounding future expectations. Some important factors that could cause actual results to differ materially from expectations include, among other things, general economic and market factors, changes in interest rates, competition and changes in securities or other laws or regulations or the application thereof. The cautionary statements qualify all forward-looking statements attributable to the REIT and persons acting on its behalf.
Unless otherwise stated, all forward-looking statements speak only as of the date of this press release. Except as required by applicable law, the REIT specifically disclaims any obligation to update or revise any forward-looking statements, whether as a result of new information, future developments or otherwise.
ADVENTUS REALTY TRUST
By its Trustee: ADVENTUS REALTY SERVICES INC.
Per: Rodney B. Johnston FCPA, FCA
President and Chief Executive Officer