Adventus Capital Partners Ltd. (“ACP Ltd.”), the Manager of Adventus Realty Trust (“Trust”), is pleased to announce that its Board of Directors has approved a special cash dividend of CAD $2.00 per share. The dividend will be payable on or before June 30, 2017 to shareholders of record as of May 31, 2017.
Rod Johnston, President of Adventus Capital Partners Ltd., commented, “Based on the significant growth of the Adventus portfolio over the last year, along with our ability to access the equity and credit markets necessary to facilitate this growth, we are in the favourable position to provide a special dividend to shareholders of Adventus Capital Partners Ltd.”
This will mark the third special dividend paid by ACP Ltd. Previously, ACP Ltd. paid a special cash dividend of CAD $5.00 per share in May 2013, and CAD $3.00 per share in April 2016.
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 CAPITAL PARTNERS LTD.
Per: Rodney B. Johnston, FCPA, FCA
President and Director