MISSISSAUGA, ON, Aug. 13 /CNW/ - TransGlobe Apartment Real Estate Investment Trust (TSX: TGA.UN) (the "REIT") today announced a cash distribution of $0.0625 per unit for the month of August 2010, representing an annualized distribution of $0.75 per unit. The distribution will be payable on September 15, 2010 to unitholders of record as at August 31, 2010.
About TransGlobe Apartment Real Estate Investment Trust
TransGlobe Apartment Real Estate Investment Trust is an unincorporated, open-ended real estate investment trust established under the laws of the Province of Ontario. The REIT was initially formed to indirectly acquire, 65 residential rental properties containing approximately 8,200 suites principally located in urban centres in Alberta, Ontario, Québec, New Brunswick and Nova Scotia that were previously owned or co-owned and operated by affiliates of TransGlobe Investment Management Ltd. ("TGIM"). TGIM and an affiliate administer and operate the assets of the REIT 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: email@example.com