Dream Alternatives pays a monthly cash distribution to Unitholders derived from the Trust’s indirect ownership of our assets through Dream Alternatives Master LP.
The initial monthly cash distribution rate will be $0.033 per Unit and the first cash distribution, which will be for the period from and including the date of Closing to July 31, 2014, is expected to be paid on August 15, 2014 to Unitholders of record on July 31, 2014 and is estimated to be $0.025 per Unit (assuming Closing occurs on July 8, 2014). The distribution of cash to Unitholders is not assured.
Unlike fixed income securities, there is no obligation on the Trust to distribute to Unitholders any fixed amount, and reductions in, or suspensions of, cash distributions may occur that would reduce the cash flow yield based on the initial price per Unit.
Our Distribution Reinvestment Plan (“DRIP”) allows Unitholders to have cash distributions reinvested in additional units as and when cash distributions are made. The price at which additional Units are purchased is referred to as the Distribution Reinvestment Price and is equal to the weighted average closing price of the Units on the Toronto Stock Exchange for the five trading days immediately preceding the relevant payment date. To learn more about our DRIP please visit the DRIP section.