|By Marketwired .||
|June 18, 2014 07:28 PM EDT||
MONTREAL, QUEBEC -- (Marketwired) -- 06/18/14 -- (TSX VENTURE: NEL.UN) Nobel Real Estate Investment Trust (the "REIT") is pleased to announce today a cash distribution of $0.000297 per trust unit of the REIT for the month of June 2014. The distribution will be payable on July 15, 2014 to unitholders of record as at June 27, 2014, before the completion of the previously announced upcoming private placement expected on or around June 30, 2014.
The REIT and RFA Capital Partners Inc. have completed the due diligence process and both parties are in the process of finalizing the Investment Agreement. The transaction is now only subject the unitholders and regulatory approvals; the unitholders' vote to that effect will take place at the annual and special meeting to be held on June 26, 2014. As for the acquisition of the target properties, Nobel expects to complete them in the month following the closing of the private placement.
About Nobel Real Estate Investment Trust
The REIT is a recently created unincorporated open-ended real estate investment trust governed by the laws of the Province of Quebec. The REIT has been created for the purpose of acquiring and owning income producing properties. The REIT will focus on acquiring commercial retail, mixed-used retail, industrial and suburban office properties in the primary and secondary markets in the Province of Quebec. The REIT currently owns two commercial properties located in Quebec, comprising 71,747 square feet of gross leasable area.
Louis Lemire, CPA, CA
Chief Financial Officer
Dec. 3, 2016 09:30 PM EST Reads: 1,758
Dec. 3, 2016 09:30 PM EST Reads: 1,595
Dec. 3, 2016 08:00 PM EST Reads: 1,742
Dec. 3, 2016 08:00 PM EST Reads: 3,950
Dec. 3, 2016 06:15 PM EST Reads: 1,508
Dec. 3, 2016 05:30 PM EST Reads: 4,040
Dec. 3, 2016 05:15 PM EST Reads: 2,136
Dec. 3, 2016 05:15 PM EST Reads: 1,998
Dec. 3, 2016 04:30 PM EST Reads: 1,471
Dec. 3, 2016 04:00 PM EST Reads: 4,859
Dec. 3, 2016 03:30 PM EST Reads: 1,591
Dec. 3, 2016 03:15 PM EST Reads: 3,222
Dec. 3, 2016 03:00 PM EST Reads: 475
Regulatory requirements exist to promote the controlled sharing of information, while protecting the privacy and/or security of the information. Regulations for each type of information have their own set of rules, policies, and guidelines. Cloud Service Providers (CSP) are faced with increasing demand for services at decreasing prices. Demonstrating and maintaining compliance with regulations is a nontrivial task and doing so against numerous sets of regulatory requirements can be daunting task...
Dec. 3, 2016 02:45 PM EST Reads: 721
Fact: storage performance problems have only gotten more complicated, as applications not only have become largely virtualized, but also have moved to cloud-based infrastructures. Storage performance in virtualized environments isn’t just about IOPS anymore. Instead, you need to guarantee performance for individual VMs, helping applications maintain performance as the number of VMs continues to go up in real time. In his session at Cloud Expo, Dhiraj Sehgal, Product and Marketing at Tintri, sha...
Dec. 3, 2016 02:45 PM EST Reads: 786