CAP REIT Announces May 2005 Distribution.TORONTO Toronto (tərŏn`tō), city (1998 est pop. 2,400,000), provincial capital, S Ont., Canada, on Lake Ontario. Toronto is the largest city in Canada and since the 1970s has been one of the fastest-changing cities in North America, experiencing -- Canadian Canadian (kənā`dēən), river, 906 mi (1,458 km) long, rising in NE New Mexico. and flowing E across N Texas and central Oklahoma into the Arkansas River in E Oklahoma. Apartment Properties Real Estate Investment Trust (TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension :CAR.UN)("CAP REIT CAP REIT Canadian Apartment Properties Real Estate Investment Trust ") announced today its May 2005 monthly distribution in the amount of $0.09 per Unit. The May distribution will be payable on June 15, 2005 to Unitholders of record on May 31, 2005. To encourage participation and reward our loyal Unitholders, investors registered in our Distribution Reinvestment Plan reinvestment plan See dividend reinvestment plan (DRIP). will continue to receive an additional amount equal to 5% of their distributions paid in the form of additional Units. CAP REIT (TSX:CAR.UN) is a growth-oriented investment trust owning interests in 24,132 residential suites, including apartments and townhouses located in most major urban centres across the country. CAP REIT is one of Canada's largest apartment property owners and has grown to become Canada's Landlord of Choice in its chosen markets. Since its Initial Public Offering in May 1997, CAP REIT has grown monthly distributions per Unit by 51%. For more information about CAP REIT, its business and its investment highlights, please refer to our web site at www.capreit.net. Canadian Apartment Properties Real Estate Investment Trust (TSX:CAR.UN) |
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