InterRent Real Estate Investment Trust

InterRent Real Estate Investment Trust

May 21, 2009 06:00 ET

InterRent REIT Announces June, 2009 Distributions

TORONTO, ONTARIO--(Marketwire - May 21, 2009) -


InterRent Real Estate Investment Trust (TSX:IIP.UN)(TSX:IIP.DB) ("InterRent") announced today that its distribution declared for the month of June 2009 is $0.01, per REIT unit, equal to $0.12 per REIT unit on an annualized basis, representing an annual yield of approximately 8.0% based on the May 20, 2009 unit closing price of $1.50 per REIT unit. Payment will be made on or about June 15, 2009 to Unit holders of record on May 31, 2009. At the close of business on May 20, 2009, InterRent had 18,286,808 REIT units issued and outstanding, including class "B" units of InterRent Holdings Limited Partnership.

2008 Annual Meeting

InterRent also announced today, that it will hold its Annual Meeting of Unit Holders at 10:00 am, on Friday, June 26, 2009 in the Presidents Room of the Albany Club, at 91 King Street East, Toronto.

About InterRent

InterRent is a 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 4,033 apartment suites 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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