Retirement Residences Real Estate Investment Trust
TSX : RRR.UN

Retirement Residences Real Estate Investment Trust

August 22, 2005 14:36 ET

Retirement Residences Real Estate Investment Trust Announces August 2005 Monthly Distribution

TORONTO, ONTARIO--(CCNMatthews - Aug. 22, 2005) - Retirement Residences Real Estate Investment Trust ("Retirement REIT") (TSX:RRR.UN) today announced that a distribution of $0.070 per unit has been declared for August, 2005, payable September 15, 2005, to the unitholders of record as at August 31, 2005.

Retirement REIT has available a Dividend Reinvestment Plan ("DRIP"). Participants in the DRIP will receive a "bonus" distribution of units equal in value to 3% of each cash distribution purchased under the DRIP. Unitholders should contact their investment advisor if they are interested in participating in the DRIP.

Retirement REIT is the largest provider of accommodation and care for seniors in Canada. Retirement REIT owns 215 retirement and long term care facilities, including 32 facilities in select United States markets, and provides management services to 11 homes for other parties, with an aggregate resident capacity in excess of 25,000. Retirement REIT also provides nursing placement and in-home health care through its Central Health Services and Central Med units. For further information, see the Retirement REIT website at www.retirementreit.com.

Contact Information

  • Retirement Residences Real Estate Investment Trust
    Tim Benson
    Director, Investor Relations
    (416) 928-6473
    (416) 323-3818 (FAX)