InterRent Real Estate Investment Trust

InterRent Real Estate Investment Trust

March 03, 2009 10:39 ET

InterRent Real Estate Investment Trust Announces Tax Treatment of 2008 Distributions

TORONTO, ONTARIO--(Marketwire - March 3, 2009) - InterRent Real Estate Investment Trust (TSX:IIP.UN)(TSX:IIP.DB) "InterRent" or "the REIT"announced today that its distributions for calendar 2008 are to be treated as 100% return of capital by Unit holders filing their 2008 tax returns with CRA. Unit holders will have their T3 tax slips sent to them by the REIT's transfer agent, prior to the end of March, 2009.

About InterRent

InterRent is a growth oriented real estate investment trust engaged in building unitholder value through the accretive acquisition, ownership and operation of strategically located income producing multi-residential real estate, with 4,027 apartment suites currently under ownership.

Forward-Looking Statements

This news release contains "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities legislation. Generally, these forward-looking statements can be identified by the use of forward-looking terminology such as "plans", "anticipated", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". InterRent is subject to significant risks and uncertainties which may cause the actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward- looking statements contained in this release. A full description of these risk factors can be found in InterRent's publicly filed information which may be located at InterRent cannot assure investors that actual results will be consistent with these forward-looking statements and InterRent assumes no obligation to update or revise the forward-looking statements contained in this release to reflect actual events or new circumstances.

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