Distribution Reinvestment and Optional Unit Purchase Plan
Partners REIT has established a Distribution Reinvestment and Optional Unit Purchase Plan ("DRIP") to enable Canadian resident Unitholders to acquire additional Units through: (a) the reinvestment of regular monthly distributions on all or any part of their Units; and (b) optional cash payments subject to a minimum of $1,000 per month and a maximum of $12,000 per calendar year.
To enrol in the DRIP, beneficial Unitholders must contact their broker who is a CDS participant and who holds the Unitholder’s uncertificated Units. Registered Unitholders must contact the Computershare Trust Company of Canada (the “Plan Agent” ) National Customer Contact Centre at 1-800-564-6253. Once enrolled, participation in the DRIP will continue automatically unless terminated.
Plan Units will be issued directly from the treasury of Partners REIT at a price based on the volume-weighted average of the closing price for the 20 trading days immediately preceding the relevant distribution date. Participants will receive “bonus units” in an amount equal in value to 3% of each cash distribution.
Effective for the November distribution payable in December 2018, the DRIP has been terminated.
Optional Unit Purchases under the DRIP
To the extent permitted by applicable law and regulatory rulings, Participants may contribute additional funds in excess of reinvested distributions (“Optional Cash Payments”) for the purpose of acquiring additional Units under the Plan on a Distribution Date, provided that Optional Cash Payments made by any Participant shall not be less than $1,000 per Distribution Date and not more than $12,000 per calendar year.
Download the Optional Cash Purchase - Participant Declaration and Contribution Voucher (PDF)