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Press release from CNW Group

MORGUARD REIT DECLARES OCTOBER 2010 DISTRIBUTION OF 7.5 CENTS PER UNIT

Friday, October 15, 2010

MORGUARD REIT DECLARES OCTOBER 2010 DISTRIBUTION OF 7.5 CENTS PER UNIT17:01 EDT Friday, October 15, 2010 MISSISSAUGA, ON, Oct. 15 /CNW/ - Morguard Real Estate Investment Trust (TSX: MRT.UN) today announced that it has declared a distribution of 7.5 cents per unit for the month of October 2010. The distribution will be payable on November 15, 2010 to unitholders of record as at October 29, 2010. Morguard REIT is a closed-end real estate investment trust, which owns a diversified portfolio of 51 high quality retail, office and industrial properties in Canada with an approximate asset book value of $1.3 billion and approximately 8.3 million square feet of leaseable space. To view this news release in HTML formatting, please use the following URL: http://www.newswire.ca/en/releases/archive/October2010/15/c2981.htmlFor further information: <p>Mr. K. (Rai) Sahi<br/> Chief Executive Officer<br/> Morguard Real Estate Investment Trust<br/> 55 City Centre Drive, Suite 1000<br/> Mississauga, ON<br/> L5B 1M3<br/></p> <p>T: 905 281-4800<br/> F: 905-281-4818<br/> Email: <a href="mailto:rsahi@morguard.com">rsahi@morguard.com</a><br/></p> <p>Website: <a href="http://www.morguardreit.com" cr="true">www.morguardreit.com</a></p>