Price And Distribution Increase for EquitonPublished on October 19 2018
The Equiton Residential Income Fund Trust board has recently approved an increase in the unit price to $10.10. The annual distribution per class A unit will also increase from $0.577875 to $0.580750 and class F unit (fee-based accounts) from $0.678375 to $0.681750 starting October 2018. Investors will receive the increased distribution payment for October on November 15th, and then monthly thereafter.
Equiton expects to review the fund’s unit price and distributions on a regular basis in an effort to provide further increases. Equiton anticipate these coming as the value in existing buildings continues to be unlocked, and as new buildings are added to the fund.