Stock Name: SRQ.UN
Amount: CAD 0.0708
Announcement Date: 19/10/2011
Record Date: 27/10/2011
Dividend Detail:
TORONTO, Oct. 19, 2011 /CNW/ - Scott's Real Estate Investment Trust
(TSX: SRQ.UN) ("Scott's REIT"), owner of 229 retail and restaurant
properties in seven provinces across Canada, today announced a cash
distribution for the month of October 2011 of $0.0708 per unit payable
on November 15, 2011 to Unitholders of record on October 31, 2011.
Scott's REIT also announced today a monthly cash distribution of $0.0708
per unit to Unitholders of record of Class B Limited Partnership Units
in Scott's Real Estate LP on October 31, 2011.
About Scott's Real Estate Investment Trust
Scott's REIT (TSX: SRQ.UN) is Canada's premier small-box retail property
owner with 229 properties in seven provinces across Canada. Scott's
REIT's properties are well located and geographically diverse across
Canada with the majority of all properties containing long-term
quadruple net leases. The REIT has an approximately 75.6 per cent
interest in Scott's Real Estate LP. To find out more about Scott's Real
Estate Investment Trust (TSX: SRQ.UN), visit our website athttp://www.scottsreit.com.
Forward-Looking Statements
This document contains certain information that may constitute
forward-looking information within the meaning of securities laws. In
some cases, forward-looking information can be identified by the use of
terms such as "may", "will", "should", "expect", "plan", "anticipate",
"believe", "intend", "estimate", "predict", "potential", "continue" or
other similar expressions concerning matters that are not historical
facts. Forward-looking information may relate to management's future
outlook and anticipated events or results, and may include statements
or information regarding future growth opportunities and potential and
expected cash distributions or cash distribution levels. In particular,
information regarding the REIT's monthly cash distributions and
information relating to the impact of the REIT's recent acquisitions on
annual revenues and interest expense is forward-looking information.
Forward-looking information is based on certain factors and assumptions
regarding, among other things, occupancy rates, property expense and
capital expenditures. While the REIT considers these assumptions to be
reasonable based on information currently available to it, they may
prove to be incorrect. Forward looking-information is subject to
certain factors, including risks and uncertainties, which could cause
actual results to differ materially from what is currently expected.
Such factors include risks relating to the REIT's reliance on Priszm
LP, the REIT's largest tenant, risks associated with investment in real
property, competition, reliance on key personnel, financing and
refinancing risks, environmental matters, tenant risks, risks related
to current economic conditions and other risk factors more particularly
described in the REIT's Annual Information Form for the year ended
December 31, 2010. You should not place undue importance on
forward-looking information and should not rely upon this information
as of any other date. Other than as required by applicable Canadian
securities law, the REIT does not undertake to update this information
at any particular time. Additional information identifying risks and
uncertainties is contained in Scott's REIT filings with the Canadian
securities regulators, available at www.sedar.com.
For further information:
| For investor information, please contact: | | | | For media information, please contact: |
| Trish Moran | | | | Trevor Boudreau |
| 416-624-5133 | | | | 604-564-8209 |
| trish.moran@scottsreit.com | | | | trevor.boudreau@scottsreit.com |
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