Alexis Nihon Real Estate Investment Trust
TSX : AN.UN

Alexis Nihon Real Estate Investment Trust

March 23, 2007 06:00 ET

Alexis Nihon REIT Announces Special Distribution

MONTREAL, QUEBEC--(CCNMatthews - March 23, 2007) - Alexis Nihon Real Estate Investment Trust (TSX:AN.UN) today announced it will pay, no later than April 16, 2007, a cash distribution of $0.01528 per unit to unitholders of record as at April 5, 2007, that being the expiry date of the offer made by Homburg Acquisition Inc. to acquire all outstanding units of the REIT. The amount of this cash distribution was determined based on the number of days in the month of April prior to the expiry date of the Homburg offer and the amount of $0.0917 per unit normally distributed by the REIT on a monthly basis.

About Alexis Nihon REIT

The REIT currently owns interests in 65 office, retail, and industrial properties, including a 426-unit multi-family residential property, located in the greater Montreal area and the National Capital Region. The REIT's portfolio has an aggregate of 9.1 million square feet of leasable area, of which 0.4 million square feet is co-owned.

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