2008-08-18 10:56:00
TORONTO, ONTARIO–(EMWNews – Aug. 18, 2008) – Canadian Apartment Properties Real Estate Investment Trust (TSX:CAR.UN)(“CAP REIT”) announced today its August 2008 monthly distribution in the amount of $0.09 per Unit. The August distribution will be payable on September 15, 2008 to Unitholders of record on August 31, 2008.
To encourage participation and reward our loyal Unitholders, investors registered in our Distribution Reinvestment Plan will continue to receive an additional amount equal to 5% of their distributions paid in the form of additional Units.
As one of Canada’s largest residential landlords, CAP REIT (TSX:CAR.UN) is a growth-oriented investment trust owning interests in 27,324 residential suites and two land lease communities comprising 1,267 sites located in or near major urban centres from coast to coast. Since its Initial Public Offering in May 1997, CAP REIT has grown monthly cash distributions per Unit by 51%. For more information about CAP REIT, its business and its investment highlights, please refer to our web site at www.capreit.net.
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For more information, please contact CAP REIT or CAP REIT or CAP REIT |
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