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Sun Residential Real Estate Investment Trust ( (TSE:SRES) ) has shared an update.
Sun Residential REIT has announced its first cash distribution following the sale of its interests in two properties. The distribution is set at Cdn$0.10 per unit and will be paid on July 24, 2025, marking a significant step towards winding up and terminating the trust. This move will see over 90% of the proceeds distributed to unitholders, with a second distribution planned for the remaining funds. The announcement impacts the trading of Sun’s trust units, which will trade on a ‘due bill’ basis until the ex-distribution date on July 25, 2025.
More about Sun Residential Real Estate Investment Trust
Sun Residential Real Estate Investment Trust is an unincorporated open-ended real estate investment trust established to acquire multi-family residential properties in the Sunbelt region of the United States.
Average Trading Volume: 340,007
Technical Sentiment Signal: Buy
Current Market Cap: C$20.33M
See more insights into SRES stock on TipRanks’ Stock Analysis page.