MISSISSAUGA, ON, June 14 /CNW/ - TransGlobe Apartment Real Estate Investment Trust (TSX: TGA.UN) (the "REIT") announced today a distribution of $0.099 per unit for the period from May 14, 2010 to and including June 30, 2010. The distribution will be payable on July 15, 2010 to unitholders of record as at June 30, 2010. The REIT intends to make subsequent monthly cash distributions in the amount of $0.0625 per unit, representing $0.75 per unit on an annualized basis.
About TransGlobe Apartment Real Estate Investment Trust
TransGlobe Apartment 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 indirectly acquire, conditional on closing of the initial public offering, 65 residential rental properties containing approximately 8,200 suites principally located in urban centres in Alberta, Ontario, Québec, New Brunswick and Nova Scotia that are currently owned or co-owned and operated by affiliates of TransGlobe Investment Management Ltd. ("TGIM"). TGIM and an affiliate will administer and operate the assets of the REIT following closing 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.
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: firstname.lastname@example.org