Charter Real Estate Investment Trust

Charter Real Estate Investment Trust

November 13, 2007 15:00 ET

Charter Real Estate Investment Trust (TSX VENTURE:CRH.UN) Announces Distribution of $0.02587 Per Unit

TORONTO, ONTARIO--(Marketwire - Nov. 14, 2007) - Charter Real Estate Investment Trust ("Charter REIT") is pleased to announce a $0.02587 per unit distribution for November 2007. The distribution will be paid on December 14, 2007 to unitholders of record on November 30, 2007.

Charter REIT currently has 17,601,912 trust units outstanding.

Charter REIT

Charter Real Estate Investment Trust is an open-end real estate investment trust established under the laws of the Province of Ontario. Charter REIT is focused on acquiring a portfolio of retail and mixed-use retail real estate comprised of stable cash flow and value-add properties from both primary and secondary markets throughout Canada, with the principal goal of generating a reliable and growing yield for its investors. Charter REIT currently owns five commercial real estate properties located in Ontario and Quebec.

This press release contains forward-looking statements. Forward-looking statements are based on a number of assumptions which may prove to be incorrect. Unless otherwise stated, all forward-looking statements speak only as of the date of this press release and Charter REIT undertakes no obligation to update such statements except as required by law.

The Exchange Tower
130 King Street West
Suite 2810, P.O. Box 104
Toronto, Ontario M5X 1A4

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

Contact Information

  • Charter Real Estate Investment Trust
    Ari Silverberg
    President and Chief Operating Officer
    (416) 364-5705
    (416) 861-8166 (FAX)
    Charter Real Estate Investment Trust
    Floriana Cipollone
    Chief Financial Officer
    (416) 364-5705
    (416) 861-8166 (FAX)