Avista Declares Monthly Distribution.TORONTO--(BUSINESS WIRE)--July 28, 1998--Avista Real Estate Investment Trust (TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). :AVS (Audio Video Coding Standard) A video compression technique developed by Chinese companies and supported by the Chinese government. Expected to provide better compression than MPEG-2, AVS was created to avoid paying royalties to the MPEG licensors, which are outside .IR.) ("AVISTA AVISTA Association Villard de Honnecourt for the Interdisciplinary Study of Medieval Technology, Science and Art ") today announced a distribution of 6.5 cents per unit to unitholders of record as at August 10, 1998. This will be paid on August 17, 1998. The August payment is the initial distribution by the Trust to unitholders on a fully paid basis. The 1998 cumulative distributions after this payment total 42.5 cents. Prior distributions were on an instalment receipt basis, but on July 31, 1998 the instalment receipts loan becomes due and will be repaid. 6 AVISTA is a Toronto-based real estate investment trust (REIT REIT See: Real Estate Investment Trust REIT See real estate investment trust (REIT). ) that owns a portfolio of income-producing properties, which include shopping centres, industrial buildings and office buildings in Canada.
CONTACT: Avista Real Estate Investment Trust
Garry C. Yip, 416/363-3667
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