HALIFAX, Nova Scotia, Dec. 11, 2017 (GLOBE NEWSWIRE) -- Killam Apartment REIT (TSX:KMP.UN) ("Killam") is pleased to announce that it will be added to the S&P/TSX Composite Index effective December 18, 2017. Killam will also be added to the S&P/TSX Capped REIT Index, S&P/TSX Composite Dividend Index, S&P/TSX Composite High Dividend Index and the S&P/TSX Composite Low Volatility Index on the same date.
“Inclusion in the S&P/TSX Composite Index is a significant milestone for Killam and a positive conclusion to a successful 2017,” said Philip Fraser, Killam’s President and Chief Executive Officer. “The inclusion in the index reflects the successful execution of Killam’s growth strategy and will expand Killam’s investor base and increase liquidity for unitholders.”
About the S&P/TSX Composite Index
The S&P/TSX Composite Index includes the largest and most liquid companies on the TSX, as measured by market capitalization and trading volumes. It is the broadest in the S&P/TSX family and is the basis for multiple sub-indices including but not limited to equity indices, Income Trust Indices, Capped Indices, Global Industry Classification Standard (GICS) Indices and market cap based indices.
About Killam Apartment REIT
Killam Apartment REIT, based in Halifax, Nova Scotia, is one of Canada’s largest residential landlords, owning, operating and developing a $2.2 billion portfolio of apartments and manufactured home communities. Killam’s strategy to enhance value and profitability focuses on three priorities: 1) increasing earnings from existing operations, 2) expanding the portfolio and diversifying geographically through accretive acquisitions, with an emphasis on newer properties, and 3) developing high-quality properties in its core markets.
For information, please contact:
Robert Jenkins, CPA, CA
Director, Investor Relations
rjenkins@killamreit.com
(902) 453-7668
Note: The Toronto Stock Exchange has neither approved nor disapproved of the information contained herein. Certain statements in this report may constitute forward-looking statements. Such forward-looking statements involve risks, uncertainties and other factors which may cause actual results, performance or achievements of Killam to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. For more exhaustive information on these risks and uncertainties, you should refer to Killam’s most recently filed annual information form which is available at www.sedar.com. Readers, therefore, should not place undue reliance on any such forward-looking statements. Further, a forward-looking statement speaks only as of the date on which such statement is made and should not be relied upon as of any other date. Other than as required by law, Killam does not undertake to update any of such forward-looking statements.