InterRent Real Estate Investment Trust
TSX : IIP.UN
TSX : IIP.DB

InterRent Real Estate Investment Trust

March 06, 2009 10:57 ET

InterRent REIT Announces Update on Unitholder Rights Plan

TORONTO, ONTARIO--(Marketwire - March 6, 2009) -

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

InterRent Real Estate Investment Trust (TSX:IIP.UN)(TSX:IIP.DB) ("InterRent") announced today that the Toronto Stock Exchange (the "TSX") has determined, pursuant to section 636(c) of the TSX Company Manual, to defer its consideration of the adoption of InterRent's previously announced Unitholder Rights Plan until the Ontario Securities Commission has determined whether it will intervene under applicable securities laws. The TSX also advised that a condition of any future acceptance of notice of the Rights Plan by the TSX would be that InterRent's unitholders ratify the Rights Plan. In the meantime, the Rights Plan remains effective in accordance with its terms.

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 4,027 apartment suites under ownership.

Forward Looking Statements

This press release contains forward-looking statements within the meaning of the United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities legislation including statements about the Rights Plan, its operation and approval thereof. 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 annual information form dated March 21, 2008 and InterRent's other publicly filed information on SEDAR (www.sedar.com). Certain material assumptions about regulatory and unitholder approval of the Rights Plan were applied by InterRent in making these forward-looking statements. 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 report to reflect actual events or new circumstances except as required by applicable law.

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