Latest news with #InvestmentTrust
Globe and Mail
3 days ago
- Business
- Globe and Mail
RioCan Real Estate Investment Trust Announces August 2025 Distribution
RioCan Real Estate Investment Trust ('RioCan') (TSX: today announced a distribution of 9.65 cents per unit for the month of August. The distribution will be payable on September 8, 2025, to unitholders of record as at August 29, 2025. About RioCan RioCan meets the everyday shopping needs of Canadians through the ownership, management and development of necessity-based and mixed-use properties in densely populated communities. As at June 30, 2025, our portfolio is comprised of 178 properties with an aggregate net leasable area of approximately 32 million square feet (at RioCan's interest). To learn more about us, please visit
Yahoo
5 days ago
- Business
- Yahoo
Choice Properties Real Estate Investment Trust Declares Cash Distribution for the Month of August, 2025
Not for distribution to U.S. News Wire Services or dissemination in the United States. TORONTO, August 14, 2025--(BUSINESS WIRE)--Choice Properties Real Estate Investment Trust ("Choice Properties") (TSX: announced today that the trustees of Choice Properties have declared a cash distribution for the month of August, 2025 of $0.064167 per trust unit, representing $0.77 per trust unit on an annualized basis, payable on September 15, 2025 to Unitholders of record at the close of business on August 29, 2025. Shop Top Mortgage Rates Your Path to Homeownership A quicker path to financial freedom Personalized rates in minutes About Choice Properties Real Estate Investment Trust Choice Properties is a leading Real Estate Investment Trust that creates enduring value through places where people thrive. We are more than a national owner, operator and developer of high-quality commercial and residential real estate. We believe in creating spaces that enhance how our tenants and communities come together to live, work, and connect. This includes our industry leadership in integrating environmental, social and economic sustainability practices into all aspects of our business. In everything we do, we are guided by a shared set of values grounded in Care, Ownership, Respect and Excellence. For more information, visit Choice Properties' website at and Choice Properties' issuer profile at View source version on Contacts For further information: Erin JohnstonChief Financial OfficerChoice Properties REIT(647) Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
National Post
5 days ago
- Business
- National Post
Choice Properties Real Estate Investment Trust Declares Cash Distribution for the Month of August, 2025
Article content TORONTO — Choice Properties Real Estate Investment Trust ('Choice Properties') (TSX: announced today that the trustees of Choice Properties have declared a cash distribution for the month of August, 2025 of $0.064167 per trust unit, representing $0.77 per trust unit on an annualized basis, payable on September 15, 2025 to Unitholders of record at the close of business on August 29, 2025. Article content Article content About Choice Properties Real Estate Investment Trust Article content Choice Properties is a leading Real Estate Investment Trust that creates enduring value through places where people thrive. Article content We are more than a national owner, operator and developer of high-quality commercial and residential real estate. We believe in creating spaces that enhance how our tenants and communities come together to live, work, and connect. This includes our industry leadership in integrating environmental, social and economic sustainability practices into all aspects of our business. In everything we do, we are guided by a shared set of values grounded in Care, Ownership, Respect and Excellence. Article content Article content Article content Article content Article content Contacts Article content
Daily Mail
09-08-2025
- Business
- Daily Mail
JPMORGAN CLAVERHOUSE: Trust is backing British as it delivers its 53rd year of growth
Investment trust JPMorgan Claverhouse is in pretty good shape. Bar any shocks in the coming months, the £507 million fund is well on its way to delivering 53 years of annual dividend growth. And with interest rates cut on Thursday to 4 per cent, the managers of the UK-focused trust are very much in a positive mood. 'The trust's dividend record cannot be sniffed at,' says Anthony Lynch, part of a three-strong team at JPMorgan Asset Management that oversees the fund's 63-stock portfolio. 'Bar City of London, no other trust investing purely in UK equities has a longer record of income growth and the annual increase over this period has averaged 9 per cent – well ahead of inflation.' So far this financial year, the trust has announced two quarterly dividends of 8.4 p a share – 1.8 per cent ahead of equivalent payments made last year. With a share price of just above about £7.90, the trust offers investors an appealing annual dividend yield of 4.5 per cent. Lynch says another big plus is the quality of the investment team that have been together on the trust since June last year. He explains: 'All three of us – Callum Abbot, Katen Patel and myself – have at least 15 years of investment experience under our belts and at least 20 years ahead of us. We're in it for the long term.' The performance numbers are solid, with the trust outperforming its benchmark – the FTSE All-Share Index – over the past one, three and five years. Over five, for example, it has generated a total return of 78.8 per cent. The Index sits at 75.4 per cent. Lynch believes the UK stock market remains cheap and says that with 70 per cent of the revenue from FTSE All-Share stocks coming from overseas, it represents a super way to secure exposure to global companies at bargain prices. 'In the year to date, UK equities have outperformed both the US and global stock markets,' he adds. 'And there is no reason why it can't continue.' Although the trust's biggest stakes are in FTSE 100 stocks, the investment team has been buying more mid- and small-capitalised stocks. Key positions have been taken in FTSE 250 stocks Serco and Dunelm. 'Outsourcer Serco has had its troubles in the past ten years,' says Lynch, 'but the market misses the fact that 40 per cent of its order book is defence-related. As for Dunelm, the furniture retailer continues to grab market share, in the process outperforming the likes of Argos and John Lewis.' The fund's diverse portfolio allows the managers to mine dividend income from a multitude of sources, he adds. The trust's biggest sector position is in financials which account for just less than a third of the portfolio. Its biggest overweight position in this sector is NatWest. 'This bank will become more profitable and offers the prospect of dividend growth,' says Lynch. Although the banks face a multi-billion-pound compensation bill as a result of the motor finance mis-selling scandal, he says the cost is likely not to be as big as many feared. Some bank shares rose after Monday's announcement from the City regulator that the redress would total between £9 billion and £18 billion. The trust's annual charges total 0.63 per cent and will tickle down as its assets grow. Its market ticker is JCH and identification code 0342218. The shares currently trade at a 6 per cent discount. Lynch says shares are bought back to ensure the discount stays as close to 5 per cent as possible.
National Post
08-08-2025
- Business
- National Post
Choice Properties Real Estate Investment Trust Completes Issuance of $350 Million Series W Senior Unsecured Debentures and $150 Million Series X Senior Unsecured Debentures
Article content TORONTO — Choice Properties Real Estate Investment Trust ('Choice Properties', the 'Trust' or 'we') (TSX: announced today that it has completed its previously announced issuance, on a private placement basis in certain provinces of Canada (the 'Offering'), of (i) $350 million aggregate principal amount of series W senior unsecured debentures of the Trust bearing interest at a rate of 4.628% per annum and maturing on August 8, 2035 (the 'Series W Debentures') and (ii) $150 million aggregate principal amount of series X senior unsecured debentures of the Trust bearing interest at a rate of 5.369% per annum and maturing on August 8, 2055 (the 'Series X Debentures' and, together with the Series W Debentures, the 'Debentures'). Article content Article content The Trust intends to use the net proceeds of the Offering to repay existing indebtedness, including the redemption in full of the Trust's $200 million aggregate principal amount of 4.055% series F senior unsecured debentures due November 24, 2025 (the 'Series F Debentures') on September 5, 2025, and for general business purposes. Article content Morningstar DBRS has provided the Debentures with a credit rating of 'BBB (high)' with a 'positive' trend and S&P Global Ratings has provided the Debentures with a credit rating of 'BBB+'. The Debentures rank equally with all other unsecured indebtedness of the Trust that has not been subordinated. Article content The Debentures were sold on an agency basis by a syndicate of agents co-led by TD Securities, CIBC Capital Markets, RBC Capital Markets, BMO Capital Markets, and Scotiabank. The Debentures offered have not been registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the Debentures in any jurisdiction in which such offer, solicitation or sale would be unlawful. Article content Choice Properties is a leading Real Estate Investment Trust that creates enduring value through places where people thrive. Article content We are more than a national owner, operator and developer of high-quality commercial and residential real estate. We believe in creating spaces that enhance how our tenants and communities come together to live, work, and connect. This includes our industry leadership in integrating environmental, social and economic sustainability practices into all aspects of our business. In everything we do, we are guided by a shared set of values grounded in Care, Ownership, Respect and Excellence. Article content For more information, visit Choice Properties' website at and Choice Properties' issuer profile at Article content This press release may contain forward-looking information within the meaning of applicable securities legislation, which reflects Choice Properties' current expectations regarding future events, including the intended use of proceeds of the Offering and the redemption of the Series F Debentures. Forward-looking information is based on a number of assumptions and is subject to a number of risks and uncertainties, many of which are beyond Choice Properties' control that could cause actual results and events to differ materially from those that are disclosed in or implied by such forward-looking information. Such risks and uncertainties include, but are not limited to, the factors discussed in Choice Properties' 2025 Second Quarter Report and current Annual Information Form. Choice Properties does not undertake any obligation to update such forward-looking information, whether as a result of new information, future events or otherwise, except as expressly required by applicable law. All forward-looking statements contained in this press release are made as of the date hereof and are qualified by these cautionary statements. Article content Article content Article content Article content Contacts Article content For further information: Article content
