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

October 17, 2008 12:12 ET

Calloway Real Estate Investment Trust Declares October 2008 Distribution

TORONTO, ONTARIO--(Marketwire - Oct. 17, 2008) - Calloway REIT (TSX:CWT.UN)(TSX:CWT.DB)(TSX:CWT.DB.A) today announced that the trustees of the REIT have declared a distribution for the month of October 2008 of CDN$0.129 per trust unit, representing CDN$1.548 per unit on an annualized basis. Payment will be made on November 17, 2008 to unitholders of record on October 31, 2008.

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.

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