Q: Canadian Tire REIT (CRT.UN) question asked by Paul Nov 20/13:
The regular yield is 6.25% not ~8.25% because of an initial extra week. The company Oct 23/13 news release explained it as follows:
"It is intended that the first distribution of CT REIT will be in the amount of $0.070194 per Unit for the period from today to November 30, 2013 and will be paid on December 13, 2013. Thereafter, CT REIT intends to make monthly cash distributions of $0.054167 per Unit, which are initially expected to provide an annual yield of 6.50%."
Publish as your discretion.
The regular yield is 6.25% not ~8.25% because of an initial extra week. The company Oct 23/13 news release explained it as follows:
"It is intended that the first distribution of CT REIT will be in the amount of $0.070194 per Unit for the period from today to November 30, 2013 and will be paid on December 13, 2013. Thereafter, CT REIT intends to make monthly cash distributions of $0.054167 per Unit, which are initially expected to provide an annual yield of 6.50%."
Publish as your discretion.