Retirement Residences Real Estate Investment Trust
TSX : RRR.UN

Retirement Residences Real Estate Investment Trust

March 23, 2006 11:17 ET

Retirement Residences Real Estate Investment Trust Announces March 2006 Monthly Distribution

MISSISSAUGA, ONTARIO--(CCNMatthews - March 23, 2006) - 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 March, 2006, payable April 17, 2006, to the unitholders of record as at March 31, 2006.

Retirement REIT has available a Distribution 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 33 facilities in select United States markets, and provides management services to 10 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 unit. 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
    (289) 360-1224
    (289) 360-1228 (FAX)