TORONTO, March 15, 2022 (GLOBE NEWSWIRE) — Canadian Apartment Properties Real Estate Investment Trust (“CAPREIT”) (TSX – CAR.UN) announced today its March 2022 monthly distribution in the amount of $0.12083 per Unit (or $1.45 on an annualized basis). The March distribution will be payable on April 18, 2022 to Unitholders of record on March 31, 2022.
To encourage participation and reward our loyal Unitholders, investors registered in our Distribution Reinvestment Plan will continue to receive an additional amount equal to 5% of their distributions paid in the form of additional Units.
CAPREIT is Canada’s largest publicly-traded provider of quality rental housing. CAPREIT currently owns or has interests in approximately 67,000 residential apartment suites, townhomes and manufactured housing community sites well-located across Canada and the Netherlands with approximately $17 billion of assets under management globally. Since its Initial Public Offering in May 1997, CAPREIT has grown monthly cash distributions per Unit by 103%. For more information about CAPREIT, its business and its investment highlights, please visit our website at www.capreit.ca and our public disclosure which can be found under our profile at www.sedar.com.
For further information please contact:
| CAPREIT | CAPREIT | |||
| Mr. Michael Stein, | Mr. Mark Kenney, | |||
| Chairman | President & CEO | |||
| (416) 861-5788 | (416) 861-9404 |
