Press release from Marketwire
CAPREIT Announces June 2013 Distribution
Wednesday, June 19, 2013
CAPREIT Announces June 2013 Distribution17:00 EDT Wednesday, June 19, 2013
TORONTO, ONTARIO--(Marketwired - June 19, 2013) - Canadian Apartment Properties Real Estate Investment Trust ("CAPREIT") (TSX:CAR.UN) announced today its June 2013 monthly distribution in the amount of $0.09583333 per Unit (or $1.15 on an annualized basis). As previously announced on May 21, 2013, this is CAPREIT's 10th increase in monthly cash distributions. The June distribution will be payable on July 15, 2013 to Unitholders of record on June 28, 2013.
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 37,998 residential units, comprised of 34,628 residential suites and 14 manufactured home communities comprising 3,370 land lease sites, located in and near major urban centres across Canada. Since its Initial Public Offering in May 1997, CAPREIT has grown monthly cash distributions per Unit by 61%. 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:
Mr. Michael Stein
Mr. Thomas Schwartz
President & CEO
Mr. Scott Cryer
Chief Financial Officer