Pine Trail REIT Announces Suspension of Quarterly Distribution
Pine Trail REIT Announces Suspension of Quarterly Distribution
Toronto, Ontario--(Newsfile Corp. - March 11, 2024) - Pine Trail Real Estate Investment Trust (TSXV: PINE.UN) (TSXV: PINE.U) (the "REIT") announces that, in order to redirect its cash flow towards strategic building improvements and tenant improvement allowances, it has decided to suspend its quarterly distribution for the first quarter of 2024.
安大略省多倫多-(新聞稿公司-2024年3月11日)-Pine Trail房地產投資信託(TSXV:PINE.UN)(TSXV:PINE.U)(下稱REIT)宣佈爲了將其現金流重新引導到戰略性建築改進和租戶改進津貼方面，決定暫停2024年第一季度的季度分配。
The REIT believes that these investments will enhance the long-term value and attractiveness of its properties, thereby benefiting both tenants and unitholders in the future.
REIT認爲這些投資將增強其物業的長期價值和吸引力，從而在未來惠及租戶和受益人。
The decision to suspend the distribution underscores the REIT's commitment to prudent capital allocation and its focus on maximizing returns for all stakeholders.
決定暫停分配突顯了REIT對審慎資本配置的承諾和對爲所有利益相關者最大化回報的關注。
FOR FURTHER INFORMATION, PLEASE CONTACT: Andrew Shapack, Chief Executive Officer: (416) 532-2200
欲獲得更多信息，請聯繫：安德魯·沙帕克，首席執行官：(416) 532-2200。
The TSXV has in no way passed upon the merits of the proposed transaction and has neither approved nor disapproved the contents of this press release. Neither the TSXV nor its Regulation Services Provider (as that term is defined in policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.
tsxv在任何情況下都未就擬議交易的優點做出裁決，也未批准或不批准本新聞發佈的內容。tsxv及其監管服務提供者(如tsxv政策中所定義的那樣)均不對本發佈的充分性或準確性承擔責任。
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