MONTREAL, QUÉBEC--(Marketwired - Nov. 14, 2013) - Fronsac Real Estate Investment Trust («Fronsac REIT») (TSX VENTURE:GAZ.UN) announced today a distribution of 0.003375$ per unit to unitholders of record as at December 10th, 2013, payable on December 31, 2013.
Fronsac is also pleased to announce that the Board of Trustees has approved an annual dividend increase to 0.0148$ per unit, representing a 0.0013$ increase, or 9.6%. Based on the closing price of the Trust's units on November 14, 2013, this increased dividend represents a 4.9% yield. The dividend increase will be effective January 2014.
ABOUT FRONSAC
Fronsac Real Estate Investment Trust is an open-ended trust that acquires and owns high quality commercial real estate properties, rented to strong tenants under long term, management free and net leases.
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(450) 536-5328