MISSISSAUGA, ON, June 15, 2011 /CNW/ - TransGlobe Apartment Real Estate
Investment Trust (TSX: TGA.UN) (the "REIT") today announced a cash
distribution of $0.0625 per unit for the month of June 2011,
representing an annualized distribution of $0.75 per unit. The
distribution will be payable on July 15, 2011 to Unitholders of record
as at June 30, 2011.
Unitholders can participate in the REIT's Unitholder Distribution
Reinvestment Plan ("DRIP"). Eligible investors registered in the DRIP
will have their monthly cash distributions used to purchase Trust
Units, and will also receive bonus Trust Units equal to 3% of their
monthly cash distributions.
About TransGlobe Apartment Real Estate Investment Trust
TransGlobe Apartment Real Estate Investment Trust is an unincorporated,
open-ended real estate investment trust established under the laws of
the Province of Ontario. The REIT's portfolio is comprised of
residential rental properties containing approximately 12,900 suites
principally located in urban centres in Alberta, Ontario, Québec, New
Brunswick and Nova Scotia.
This press release contains forward-looking statements which reflect the
REIT's current expectations regarding future events. The
forward-looking statements involve risks and uncertainties. Actual
results could differ materially from those projected herein. The REIT
disclaims any obligation to update these forward-looking statements
except as required by securities laws.
SOURCE TransGlobe Apartment Real Estate Investment Trust
For further information:
TransGlobe Apartment REIT
Chief Financial Officer
(905) 293-9400 ext. 1985