Canadian Apartment Properties Real Estate Investment Trust
TSX : CAR.UN

Canadian Apartment Properties Real Estate Investment Trust

July 15, 2005 10:35 ET

CAP REIT Announces July 2005 Distribution

TORONTO, ONTARIO--(CCNMatthews - July 15, 2005) - Canadian Apartment Properties Real Estate Investment Trust ("CAP REIT") (TSX:CAR.UN) announced today its July 2005 monthly distribution in the amount of $0.09 per Unit. The July distribution will be payable on August 15, 2005 to Unitholders of record on July 31, 2005.

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.

CAP REIT (TSX:CAR.UN) is a growth-oriented investment trust owning interests in 24,212 residential suites, including apartments and townhouses located in most major urban centres across the country. CAP REIT is one of Canada's largest apartment property owners and has grown to become Canada's Landlord of Choice in its chosen markets. Since its Initial Public Offering in May 1997, CAP REIT has grown monthly 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.

Contact Information

  • CAP REIT
    Mr. Michael Stein
    Executive Chairman
    (416) 861-5788
    or
    CAP REIT
    Mr. Thomas Schwartz
    President & CEO
    (416) 861-9404
    or
    CAP REIT
    Mr. Yazdi Bharucha
    CFO & Secretary
    (416) 861-5771