Realex Properties Corp. announces Dividend Reinvestment Plan


    CALGARY, Feb. 26 /CNW/ - Realex Properties Corp. ("Realex" or the
"Corporation") announced today the commencement of a Dividend Reinvestment
Plan (the "Plan"). Proceeds of the Plan will be used for general corporate
    Under the terms of the Plan, eligible holders of common shares and
non-voting shares of Realex (the "Shareholders") may elect to automatically
reinvest their regular quarterly dividends in additional common shares or
non-voting shares of Realex, without incurring any commissions, service
charges or brokerage fees. Shareholders who elect to reinvest cash dividends
under the Plan will receive common or non-voting shares at a price equal to
the average closing price of the common or non-voting shares, as applicable on
the TSX Venture Exchange for the five day trading period ending on the
business day immediately prior to the dividend payment date.
    All of the directors of Realex have advised the Corporation that, subject
to any regulatory approval, they intend to participate in the Plan.
    Common shares or non-voting shares may be purchased under the Plan
commencing with the cash dividend payable on March 31, 2009 to Shareholders of
record on March 13, 2009. Common shares and non-voting shares purchased
through the Plan will be issued directly from treasury.
    Registered Shareholders may enroll in the Plan by completing an
Authorization Form and submitting the completed form to Computershare Trust
Company of Canada at the address set out in the Plan. Beneficial Shareholders
are encouraged to contact their broker or other intermediary for enrollment
information. The Plan and the enrollment forms are available on Realex's
website at Eligible Shareholders who wish to
participate in the Plan in respect of the March 31, 2009 dividend payment must
submit their completed Authorization Form by March 11, 2009.

    The TSX Venture Exchange has neither approved nor disapproved the
    contents of this news release. The TSX Venture Exchange does not accept
    responsibility for the adequacy or accuracy of this news release.

    This press release may contain forward looking statements and information
within the meaning of applicable securities legislation. Although Realex
Properties Corp. believes that the anticipated future results, performance or
achievements expressed or implied by the forward looking statements and
information are based upon reasonable assumptions and expectations, the reader
should not place undue reliance on forward looking statements and information
because they involve known and unknown risks, uncertainties and other factors
which may cause the actual results, performance or achievements of Realex to
differ materially from anticipated future results, performance or achievement
expressed or implied by such forward looking statements and information.
Accordingly, Realex cannot give any assurance that its expectations will in
fact occur and cautions that actual results may differ materially from those
in the forward looking statements. Factors that could cause actual results to
differ materially from those set forth in the forward looking statements and
information include: general economic conditions; local real estate conditions
including the development of properties in close proximity to Realex's
properties; timely leasing of newly-developed properties and re-leasing of
occupied square footage upon expiration; dependence on tenants' financial
condition; the uncertainties of real estate development and acquisition
activity; the ability to effectively integrate acquisitions; interest rates;
availability of equity and debt financing; the impact of newly-adopted
accounting principles on Realex's accounting policies and on period-to-period
comparisons of financial results; and other risks and factors described from
time to time in the documents filed by Realex with the securities regulators
in Canada, including in the Annual Information Form under the heading
"Description of the Business - Risk Factors" and in Realex's annual
Management's Discussion and Analysis. Realex undertakes no obligation to
publicly update or revise any forward looking statements or information,
whether as a result of new information, future events or otherwise, except as
required by securities laws.

For further information:

For further information: Marc Sardachuk, President and Chief Executive
Officer, Realex Properties Corp., Telephone: (403) 264-5889, Facsimile: (403)
264-5892; Mark Suchan, Chief Financial Officer, Realex Properties Corp.,
Telephone: (403) 264-5889, Facsimile: (403) 264-5892

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