TSX SYMBOL: BEI.UN July 26, 2004
Re: Teleconference On Fiscal 2004 Second Quarter Financial Results
Calgary, Alberta – July 26, 2004 Boardwalk Real Estate Investment Trust (“BEI.UN” – TSX) Boardwalk Real Estate Investment Trust (“Boardwalk REIT”) announces that it’s fiscal 2004 second quarter financial results will be released the morning of Friday August 13th, 2004. We invite you to participate in the teleconference that will be held to discuss these results that same morning at 11:00 am EST. Senior management will speak to the quarterly financial results and provide an update. Presentation materials will be made available on our website (http://www.boardwalkreit.com/) prior to the call. Participation & Registration: Please RSVP to Investor Relations at 403-531-9255 or by email to investor@bwalk.com. Teleconference: The telephone numbers for the conference are: 416-913-8746 (within Toronto) or toll-free 1-800-814-4853 (outside Toronto). Webcast: Investors will be able to listen to the call and view our slide presentation over the Internet by visiting http://www.boardwalkreit.com/ 15 min. prior to the start of the call. An information page will be provided for any software needed and system requirements. The live audiocast will also be available at http://www.newswire.ca. Replay: An audio recording of the teleconference will be available from 1:00pm EST on August 13, 2004 until 11:59pm EST on August 20th, 2004. You can access it by dialing 416-640-1917 and using the passcode 21080407 followed the pound sign. An audio archive will also be available on our website (http://www.boardwalkreit.com/) approximately two hours after the conference call. Corporate Profile Boardwalk REIT is an open-ended real estate investment trust formed to acquire all of the assets and undertakings of Boardwalk Equities Inc. Boardwalk REIT’s principal objectives are to provide its unitholders with monthly cash distributions, partially on a Canadian income tax-deferred basis, and to increase the value of its units through the effective management of its residential multi-family revenue producing properties and the acquisition of additional properties. Boardwalk REIT currently owns and operates in excess of 250 properties with over 31,400 units totalling approximately 26 million net rentable square feet, and is Canada’s largest owner/operator of multi-family rental communities. Boardwalk REIT’s portfolio is concentrated in the provinces of Alberta, Saskatchewan, Ontario and Quebec. Forward Looking Information This press release may contain forward looking statements. These statements relate, but are not limited to, Boardwalk REIT’s expectations, intentions, plans and beliefs. These forward looking statements can generally be identified by the use of words “anticipated”, “expected” or the negative thereof or other comparable terminology. You should be aware that these statements are subject to known and unknown risks, uncertainties and other factors, including the risks discussed under the heading “Risk Factors” in the Management Information Circular of Boardwalk Equities Inc. available on www.sedar.com. Actual events or results may differ materially from those suggested by any forward-looking statements. You should not place undue reliance on any forward-looking statements contained in this press release. By their nature, forward-looking statements involve numerous assumptions, inherent risks and uncertainties, both general and specific, that contribute to the possibility that the predictions, forecasts, projections and various future events will not occur. Although management of Boardwalk REIT believes that the expectations reflected in the forward-looking statements are reasonable, there can be no assurances that future results, levels of activity, performance or achievements will occur as anticipated. None of Boardwalk REIT nor any other person assumes responsibility for the accuracy and completeness of any forward-looking statements, and no one has any obligations to update or revise any forward-looking statement, whether as a result of new information, future events or such other factors which affect this information, except as required by law. For further information please contact: Boardwalk REIT Sam Kolias, President and CEO, (403) 531-9255; Roberto Geremia, Senior Vice President, Finance and Chief Financial Officer, (403) 531-9255; Paul Moon, Director of Corporate Communications, (403) 531-9255.
