Distribution Reinvestment Plan
RETROCOM ANNOUNCES REINSTATEMENT OF ITS DISTRIBUTION REINVESTMENT PLAN
Plan Includes 4% Bonus Units Purchased with Reinvested Cash Distributions
On November 16, 2010, Retrocom announced the reinstatement of its Distribution Reinvestment Plan effective with the November 2010 cash distribution, payable on December 15, 2010.
The REIT adopted a Distribution Reinvestment Plan, pursuant to which registered Unitholders are entitled to elect to have all or part of their cash distributions of the REIT automatically reinvested in additional Units at a price per Unit calculated by reference to the weighted average of the trading price for the Units on the TSX for the ten trading days immediately preceding the relevant Distribution Date. Unitholders who so elect will receive a further distribution of Units equal in value to 4% of each distribution that was reinvested by the Unitholder.
No brokerage commissions are payable in connection with the purchase of Units under the Distribution Reinvestment Plan and all administrative costs are borne by the REIT. Cash undistributed by the REIT upon the issuance of additional Units under the Distribution Reinvestment Plan will be invested in the REIT to be used for future property acquisitions, capital improvements and working capital.
Unitholders resident outside of Canada are not entitled to participate in the Distribution Reinvestment Plan. Upon ceasing to be a resident of Canada, a Unitholder must terminate the Unitholder's participation in the Distribution Reinvestment Plan.
For complete details regarding Retrocom's Distribution Reinvestment Plan, please click here.