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Press release from CNW Group

KIllam Properties Inc. announces monthly dividend

Wednesday, August 17, 2011

KIllam Properties Inc. announces monthly dividend12:48 EDT Wednesday, August 17, 2011HALIFAX, Aug. 17, 2011 /CNW/ - Killam Properties Inc. ("Killam") (TSX: KMP) is pleased to announce that its Board of Directors has declared a dividend pursuant to Killam's monthly dividend policy. The dividend of $0.04833 per common share will be paid on September 15, 2011 to shareholders of record on August 31, 2011.Killam offers a Dividend Reinvestment Plan (the "DRIP"). The DRIP provides eligible shareholders with the opportunity to reinvest their cash dividends, on each dividend payment date, in additional common shares. Participating shareholders will also receive an additional distribution of common shares representing 3% of the amount of the dividend reinvested pursuant to the Plan.Killam Properties Inc., based in Halifax, Nova Scotia, is one of Canada's largest residential landlords, owning and operating multi-family apartments and manufactured home communities.Note: The Toronto Stock Exchange has neither approved or disapproved of the information contained herein.  For further information: Killam Properties Inc. Dale Noseworthy Vice President, Investor Relations & Corporate Planning (902) 442-0388 dnoseworthy@killamproperties.com www.killamproperties.com