Granite Real Estate Investment Trust (Granite) has announced a distribution of CDN $0.2958 per unit, designated for October 2026. The board of trustees made this decision, affirming their commitment to providing returns to their unitholders. The payment is set to take place on November 16, 2026, and will be made to those unitholders who are listed on record as of the close of trading on October 30, 2026. Additionally, Granite has clarified that none of the declared distribution is classified as effectively connected income for United States federal tax purposes, which is an important tax consideration for U.S. unitholders. This announcement reflects Granite's ongoing financial strategy within the real estate investment sector, highlighting their responsibility towards unitholder engagement and transparency.
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