InStorage Real Estate Investment Trust
TSX VENTURE : IS.UN

InStorage Real Estate Investment Trust

January 14, 2008 17:05 ET

InStorage REIT Announces New Distribution Reinvestment Plan

TORONTO, ONTARIO-(Marketwire - Jan. 14, 2008) -

Attention Business Editors:

InStorage Real Estate Investment Trust ("InStorage REIT") announced today that, effective immediately, unitholders may enroll in its new Distribution Reinvestment Plan ("DRIP" or "Plan"). Eligible investors enrolled in the DRIP will have all or a portion (as elected) of their monthly cash distributions automatically reinvested into additional units of InStorage REIT.

"The Plan offers our unitholders the opportunity to steadily increase their ownership in InStorage REIT without incurring any commissions or other transaction costs," commented James Tadeson, CEO. "As an additional benefit of the DRIP, participants will receive bonus units equal to 4% of their monthly cash distributions reinvested through the Plan."

Units purchased through the DRIP will be issued from InStorage REIT's treasury and will be issued at the volume weighted average trading price of the units for the ten trading days immediately preceding the distribution payment date.

Registered unitholders may enroll in the DRIP by completing and submitting an Enrollment Form with Computershare Trust Company of Canada at the address set forth in the Plan. Beneficial unitholders are encouraged to contact their broker or other intermediary for enrollment information. The DRIP is subject to certain limitations and restrictions, including the requirement that unitholders must be residents of Canada to be eligible to participate in the Plan.

For additional information and complete details of the DRIP, unitholders are encouraged to visit InStorage REIT's website (www.instoragereit.ca) or contact their investment advisor.

InStorage Real Estate Investment Trust

InStorage REIT is an unincorporated open-ended real estate investment trust that invests primarily in self-storage properties throughout Canada. InStorage 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 InStorage REIT may be obtained on its website, www.instoragereit.ca, and on the SEDAR website at www.sedar.com, under InStorage REIT's profile.

Contact Information

  • InStorage Real Estate Investment Trust T. James Tadeson Chief Executive Officer (416) 867-9705
    or
    InStorage Real Estate Investment Trust Alay Shah Chief Financial Officer (416) 867-9740 Website: www.instoragereit.ca