MISSISSAUGA, ON, July 13, 2012 /CNW/ - Morguard North American Residential Real Estate Investment Trust (the "REIT") (TSX: MRG.UN) today announced that it has declared a distribution of 5 cents per unit for the month of July 2012. The distribution will be payable on August 15, 2012 to unitholders of record as at July 31, 2012.
About Morguard North American Residential REIT
The 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 own multi-unit residential properties in Canada and the United States. Concurrently with the completion of the initial public offering of trust units, the REIT indirectly acquired from Morguard Corporation, through a limited partnership, interests in a portfolio of 14 Canadian multi-unit residential properties and three U.S. multi-unit residential properties consisting of interests in 5,439 residential suites that are located in Ontario, Alberta and Louisiana.
Morguard North American Residential REIT
K. (Rai) Sahi
Chief Executive Officer
Beverley G. Flynn
General Counsel & Secretary