Distribution Reinvestment Plan
Monthly distributions can be automatically reinvested in additional CREIT units without payment of brokerage commissions. The price of units are 96% of the weighted average price at which CREIT units were traded on the TSX for the five trading days preceding the distribution date.
Unit Purchase Plan
Optional periodic cash investments in additional CREIT units may be made without paying brokerage commissions. A minimum of $250 and a maximum of $25,000 per purchase per year are permitted under the plan. These cash payments are invested at the weighted average price at which CREIT units were traded on the TSX for the five trading days preceding the purchase of the units.
Facts About the Unit Purchase Plan
- Distributions on units held in the Unit Purchase Plan are automatically reinvested in additional CREIT units
- Participants in the Unit Purchase Plan can elect to use the Automatic Investment Service (similar to pre-authorized chequing)
- Plans are offered only to Canadian residents who are registered unitholders
- In order to participate in the plan, you must first become a direct registrant of CREIT
- The 4% discount on the weighted average price is a taxable benefit to the unitholder
