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Press release from Marketwire

Calloway Real Estate Investment Trust Redeems $75 Million Principal Amount 7.95% Series D Senior Unsecured Debentures

Wednesday, June 26, 2013

Calloway Real Estate Investment Trust Redeems $75 Million Principal Amount 7.95% Series D Senior Unsecured Debentures

12:17 EDT Wednesday, June 26, 2013

TORONTO, ONTARIO--(Marketwired - June 26, 2013) -

NOT FOR DISTRIBUTION IN THE UNITED STATES OR OVER UNITED STATES WIRE SERVICES

Calloway Real Estate Investment Trust ("Calloway" or the "REIT") (TSX:CWT.UN) confirmed today that it has redeemed its $75 million principal amount 7.95% Series D senior unsecured debentures (the "Debentures") as previously announced at a total redemption price of $1,055.47 plus accrued and unpaid interest of $38.77, both per $1,000 principal amount, for a total aggregate redemption price, including accrued interest, of $82,067,990.

About Calloway

Calloway is one of Canada's largest real estate investment trusts with an enterprise value of over $6 billion. It owns and manages approximately 26 million square feet in 115 value-oriented retail centres having the strongest national and regional retailers, as well as strong neighbourhood merchants. Calloway's vision is to provide a value-oriented shopping experience to Canadian consumers. For more information on Calloway, visit www.callowayreit.com.

FOR FURTHER INFORMATION PLEASE CONTACT:

Contact Information:
Calloway Real Estate Investment Trust
Mario Calabrese
Interim Chief Financial Officer
(905) 326-6400 ext. 7610
905-326-0783 (FAX)
www.callowayreit.com

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