Calloway Real Estate Investment Trust
TSX : CWR.UN
TSX : CWT.DB

Calloway Real Estate Investment Trust

June 19, 2006 13:57 ET

Calloway Real Estate Investment Trust Declares June 2006 Distribution

TORONTO, ONTARIO--(CCNMatthews – June 19, 2006) –

Attention Business/Financial Editors:

Calloway REIT (TSX:CWT.UN)(TSX:CWT.DB) today announced that the trustees of the REIT have declared a distribution for the month of June 2006 of $0.12083 per trust unit, representing $1.45 per unit on an annualized basis. Payment will be made on or about July 15, 2006 to unitholders of record on June 30, 2006.

Calloway Real Estate Investment Trust is an unincorporated open-end real estate investment trust created to invest in a geographically diversified portfolio of high quality retail shopping centres in Canada.

The Toronto Stock Exchange neither approves nor disapproves of the contents of this Press Release.

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