Stephenson's Rental Service Income Fund last week announced a cash distribution of CA 9 cents (U.S. about 8 cents) per Class A unit for the period from March 1 to March 31, to be paid April 16, to holders of record of Class A units of the fund on March 31.
The announcement of the March distribution is the 20th consecutive distribution to be declared by the fund consistent with its intention to pay regular monthly cash distributions in the estimated amount of CA 9 cents per Class A unit.
The fund also announced a cash distribution of CA 3 cents (about U.S. 2 cents) per Class B unit for the period Jan. 1 to March 31, to be paid April 16, to holders of record of Class B units of the fund on March 31.
Mississauga, Ontario-based Stephenson's Rental Service is No. 48 on the RER 100.