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

Canadian Apartment Properties Real Estate Investment Trust

April 16, 2009 16:53 ET

CAPREIT Announces April, 2009 Distribution

TORONTO, ONTARIO--(Marketwire - April 16, 2009) - Canadian Apartment Properties Real Estate Investment Trust ("CAPREIT")(TSX:CAR.UN) announced today its April 2009 monthly distribution in the amount of $0.09 per Unit. The April distribution will be payable on May 15, 2009 to Unitholders of record on April 30, 2009.

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, CAPREIT (TSX:CAR.UN) is a growth-oriented investment trust owning interests in 27,614 residential suites and two land lease communities comprising 1,278 sites located in or near major urban centres from coast to coast. Since its Initial Public Offering in May 1997, CAPREIT has grown monthly cash distributions per Unit by 51%. For more information about CAPREIT, its business and its investment highlights, please refer to our web site at www.capreit.net.

Contact Information

  • CAPREIT
    Mr. Michael Stein
    Chairman
    (416) 861-5788
    or
    CAPREIT
    Mr. Thomas Schwartz
    President & CEO
    (416) 861-9404
    or
    CAPREIT
    Mr. Yazdi Bharucha
    CFO & Secretary
    (416) 861-5771
    www.capreit.net