Press release from Marketwire
CAPREIT Announces September 2010 Distribution
Wednesday, September 15, 2010
TORONTO, ONTARIO--(Marketwire - Sept. 15, 2010) - Canadian Apartment Properties Real Estate Investment Trust (TSX:CAR.UN) ("CAPREIT") announced today its September 2010 monthly distribution in the amount of $0.09 per Unit. The September distribution will be payable on October 15, 2010 to Unitholders of record on September 30, 2010.
To encourage participation and reward our loyal Unitholders, investors registered in our Distribution Reinvestment Plan will continue to receive an additional amount equal to 5% of their distributions paid in the form of additional Units.
As one of Canada's largest residential landlords, CAPREIT is a growth-oriented investment trust owning interests in 27,228 residential suites and two manufactured home communities comprising 1,316 land lease sites located in or near major urban centres from coast to coast. Since its Initial Public Offering in May 1997, CAPREIT has grown monthly cash distributions per Unit by 51%. For more information about CAPREIT, its business and its investment highlights, please refer to our website at www.capreit.net and our public disclosure which can be found under our profile at www.sedar.com.
FOR FURTHER INFORMATION PLEASE CONTACT:
CAPREIT Mr. Michael Stein Chairman (416) 861-5788or
CAPREIT Mr. Thomas Schwartz President & CEO (416) 861-9404or
CAPREIT Mr. Richard Smith Chief Financial Officer (416) 861-5771 www.capreit.net