Cominar Real Estate Investment Trust increases its monthly distribution to 11.3 cents per unit and announces a special distribution of 2.5 cents per unit for the month of December 2007

    TSX - CUF.UN

    QUEBEC CITY, Dec. 14 /CNW Telbec/ - Cominar Real Estate Investment Trust
("Cominar" or "the REIT") announces that it is raising its monthly
distribution from 11.0 cents per unit to 11.3 cents per unit. The REIT also
announces a special distribution of 2.5 cents per unit. The distribution for
December 2007 totals 13.8 cents per unit, payable on December 31, 2007 to
unitholders of record as at December 31, 2007.
    The annual distribution for fiscal 2007 therefore amounts to $1.301 per
unit, representing a 5.8% increase over fiscal 2006.

    PROFILE as at December 14, 2007

    Cominar is one of the largest retail property owners and managers in the
Province of Quebec. The REIT owns a real estate portfolio of 205 high-quality
properties, consisting of 36 office, 36 retail and 133 industrial and
mixed-use buildings that cover a total area of over 17.0 million square feet
in the Greater Quebec City, Montreal and Ottawa areas. Cominar's objectives
are to deliver growing cash distributions to its unitholders and to maximize
unitholder value through proactive management and the growth of its portfolio.
    The REIT has a distribution reinvestment plan for its unitholders that
allows participants to reinvest their monthly distributions in additional
Trust units. Participants will be given the right to receive an effective
discount of 5% of distributions to which they are entitled in the form of
additional units. Additional information and enrolment forms are available at
    %SEDAR: 00010204EF

For further information:

For further information: Michel Dallaire, Eng., President and Chief
Executive Officer,; Michel Berthelot, CA, Executive
Vice-President and Chief Financial Officer,, (418)

Organization Profile

Cominar Real Estate Investment Trust

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