TransGlobe Apartment REIT announces August 2010 distribution

MISSISSAUGA, ON, Aug. 13 /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 August 2010, representing an annualized distribution of $0.75 per unit. The distribution will be payable on September 15, 2010 to unitholders of record as at August 31, 2010.

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 was initially formed to indirectly acquire, 65 residential rental properties containing approximately 8,200 suites principally located in urban centres in Alberta, Ontario, Québec, New Brunswick and Nova Scotia that were previously owned or co-owned and operated by affiliates of TransGlobe Investment Management Ltd. ("TGIM"). TGIM and an affiliate administer and operate the assets of the REIT in order to support the REIT's external management structure. 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.

%SEDAR: 00029761E

SOURCE TransGlobe Apartment Real Estate Investment Trust

For further information: For further information: TransGlobe Apartment REIT, Leslie Veiner, Chief Financial Officer, (905) 293-9400 ext. 1985, Email: lveiner@tgareit.com

Organization Profile

TransGlobe Apartment Real Estate Investment Trust

More on this organization


Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890