Melcor Real Estate Investment Trust (TSE:MR.UN) declared a monthly dividend on Friday, May 26th, TickerTech reports. Investors of record on Thursday, June 15th will be paid a dividend of 0.0563 per share on Thursday, June 15th. This represents a $0.68 dividend on an annualized basis and a yield of Infinity. The ex-dividend date of this dividend is Friday, May 26th.
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About Melcor Real Estate Investment Trust
Melcor Real Estate Investment Trust (REIT) is a Canada-based open-ended real estate investment trust. The objectives of the REIT are to generate stable and growing cash distributions on a tax-efficient basis; enhance the value of the REIT’s assets and maximize long-term Unit value through active asset and property management, and expand the asset base of the REIT and increase adjusted funds from operations (AFFO) per Unit, primarily through acquisitions and improvement of its properties, including the Initial Properties, through targeted and strategically deployed capital expenditures.
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