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Press release from CNW Group

Morguard Corporation declares regular quarterly dividend

Tuesday, May 18, 2010

Morguard Corporation declares regular quarterly dividend16:00 EDT Tuesday, May 18, 2010MISSISSAUGA, ON, May 18 /CNW/ - Morguard Corporation (MRC:TSX) announced today at its annual meeting of shareholders that its Board declared a $0.15 per share quarterly dividend on its common shares payable on June 30, 2010 to shareholders of record as at June 15, 2010.Morguard Corporation is a real estate company, which owns a diversified portfolio of 102 properties in Canada and the United States. Morguard's portfolio has a book value of approximately $1.6 billion and comprises 6.6 million square feet of commercial space and 10,504 apartment suites. For more information, visit the Company's website at www.morguard.com.For further information: Paul Miatello, Chief Financial Officer, Tel: (905) 281-3800, Fax: (905) 281-5890, pmiatello@morguard.com, www.morguard.com