Morguard Corporation declares regular quarterly dividend

    MISSISSAUGA, ON, March 6 /CNW/ - Morguard Corporation (MRC TSX) announced
today that its Board declared a $0.14 per share quarterly dividend on its
common shares payable on March 30th, 2007 to shareholders of record as at
March 15th, 2007.

    Morguard Corporation is a major Canadian real estate and property
management company. It has extensive retail, office, industrial and
residential holdings through its investments in Morguard REIT, Morguard
Residential Inc., and Revenue Properties Company Limited. Morguard provides
management services to institutional and other investors for commercial and
residential real estate through Morguard Investments Limited and Morguard
Residential Inc.
    %SEDAR: 00004260E

For further information:

For further information: Don Turple, Chief Financial Officer, Tel: (905)
281-3800, Fax: (905) 281-5890,,

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