InStorage Real Estate Investment Trust
TSX : IS.UN

InStorage Real Estate Investment Trust

March 17, 2008 16:42 ET

Instorage REIT Announces March 2008 Distribution

TORONTO, ONTARIO--(Marketwire - March 17, 2008) - InStorage Real Estate Investment Trust (the "REIT") (TSX:IS.UN) announced today that its distribution for the month of March 2008 will be $0.04833334 per REIT Unit. The distribution will be paid on April 15, 2008 to unitholders of record at the close of business on March 31, 2008. Holders of exchangeable units of InStorage Limited Partnership will receive a corresponding distribution.

At the close of business on March 14, 2008, InStorage had approximately 23,256,962 REIT units outstanding. As of the same date, InStorage Limited Partnership had 1,381,004 Class B LP Units and 737,500 Class C LP Units outstanding. Both Class B LP Units and Class C LP Units are exchangeable into trust units of InStorage REIT on a one-for-one basis.

InStorage Real Estate Investment Trust

The REIT is an unincorporated open-ended real estate investment trust that invests primarily in self-storage properties and ancillary businesses throughout Canada. The REIT is the largest owner/operator of self storage facilities in Canada and is the country's leading self-storage industry consolidator, with a current portfolio of 52 self-storage properties located in Alberta, Saskatchewan, Ontario and Quebec.

Additional information concerning the REIT may be obtained on the REIT's website, www.instoragereit.ca, and on the SEDAR website at www.sedar.com, under the REIT's profile.

Contact Information