Retirement Residences Real Estate Investment Trust
TSX : RRR.UN

Retirement Residences Real Estate Investment Trust

July 20, 2005 12:26 ET

Retirement Residences Real Estate Investment Trust Announces July 2005 Monthly Distribution

TORONTO, CANADA--(CCNMatthews - July 20, 2005) - Retirement Residences Real Estate Investment Trust ("Retirement REIT") (TSX:RRR.UN) today announced that a distribution for July, 2005 of $0.070 cents per unit has been declared, payable August 15, 2005 to the unitholders of record as at July 29, 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 plan.

Retirement REIT is the largest provider of accommodation and care for seniors in Canada. Retirement REIT owns 214 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)
    www.retirementreit.com