Calloway REIT: Redemption of 5.37% Series B Senior Unsecured Debentures

TORONTO, ONTARIO–(Marketwired – March 9, 2015) –

NOT FOR DISTRIBUTION IN THE UNITED STATES OR OVER UNITED STATES WIRE SERVICES

Calloway Real Estate Investment Trust (“Calloway” or the “REIT”) (TSX:CWT.UN) confirmed today that it has redeemed $150 million aggregate principal amount of 5.37% Series B senior unsecured debentures (the “Debentures”), constituting all of the Debentures outstanding immediately prior to such redemption, as previously announced at a total redemption price of $1,072.07 plus accrued and unpaid interest of $21.774246, both per $1,000 principal amount of Debentures, for a total aggregate redemption price, including accrued and unpaid interest, of $164,076,636.99 (for the entire $150 million aggregate principal amount outstanding).

About Calloway

Calloway is one of Canada’s largest real estate investment trusts with total assets in excess of $7 billion. It owns and manages approximately 27 million square feet in 121 value-oriented retail centres having the strongest national and regional retailers, as well as strong neighbourhood merchants. Calloway’s vision is to provide a value-oriented shopping experience to Canadian consumers. For more information on Calloway, visit www.callowayreit.com.