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Press release from Marketwire

Calloway REIT Declares June 2011 Distribution

Friday, June 17, 2011

Calloway REIT Declares June 2011 Distribution11:35 EDT Friday, June 17, 2011TORONTO, ONTARIO--(Marketwire - June 17, 2011) - Calloway Real Estate Investment Trust ("Calloway") (TSX:CWT.UN) announced that the trustees of the REIT have declared a distribution for the month of June 2011 of CDN$0.129 per trust unit, representing CDN$1.548 per unit on an annualized basis. Payment will be made on July 15, 2011 to unitholders of record on June 30, 2011.About CallowayCalloway Real Estate Investment Trust is an unincorporated open-end real estate investment trust created to invest in a geographically diversified portfolio of high quality retail shopping centres in Canada.FOR FURTHER INFORMATION PLEASE CONTACT: Bart MunnCalloway Real Estate Investment TrustChief Financial Officer(905) 326-6400 ext. 7631