Sustainable Real Estate Dividend Fund (TSE:MSRE.UN) has released an update.
The Sustainable Real Estate Dividend Fund has announced an upcoming distribution of $0.04167 per trust unit, payable on May 15, 2024, with an April 30, 2024 record date. Additionally, the Fund is set to merge with Middlefield Real Estate Dividend ETF around May 16, 2024, which will alter future distributions to a current target of $0.075 per unit. This merge is pending regulatory approvals and standard closing conditions, and the April distribution will not be part of the DRIP program due to the timing.
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