MISSISSAUGA, ON, May 14, 2012 /CNW/ - Morguard North American Residential Real Estate Investment Trust (the "REIT") (TSX: MRG.UN) today announced an initial cash distribution of $0.0716 cents per unit for the period of April 18 to May 31, 2012. The distribution will be payable on June 15, 2012 to unitholders of record as at May 31, 2012.
About Morguard North American Residential REIT
The REIT is an unincorporated, open-ended real estate investment trust established under the laws of the Province of Ontario. The REIT has been formed to own multi-unit residential properties in Canada and the United States. Concurrently with the completion of the initial public offering of trust units, the REIT indirectly acquired from Morguard Corporation, through a limited partnership, interests in a portfolio of 14 Canadian multi-unit residential properties and three U.S. multi-unit residential properties consisting of interests in 5,439 residential suites that are located in Ontario, Alberta and Louisiana.
For further information:
Morguard North American Residential REIT
Mr. K. (Rai) Sahi
Chief Executive Officer
Beverley G. Flynn