TSX SYMBOL: BEI.UN April 17, 2007
Boardwalk REIT Announces April Monthly Distribution
Calgary, Alberta – April 17, 2007
- Boardwalk Real Estate Investment Trust ("BEI.UN" - TSX)
Boardwalk Real Estate Investment Trust (“BEI.UN” – TSX)
has declared its April 2007 distribution in the amount
of 12.33 cents per Trust unit. The distribution will be
payable on May 15, 2007 to unitholders of record on
April 30, 2007.
To encourage participation and reward unitholders,
investors registered in the Distribution Reinvestment
plan (“DRIP”) will continue to receive a “bonus”
distribution of additional Trust Units representing 3%
of the amount of their cash distributions reinvested
pursuant to the Plan. A full copy of the DRIP can be
found on the Trust’s website at www.boardwalkREIT.com.
Corporate Profile
Boardwalk REIT is Canada’s largest owner/operator
of multi-family rental communities. Boardwalk REIT
currently owns and operates in excess of 260 properties
with over 35,800 rental units totaling approximately 30
million net rentable square feet. The Trust’s portfolio
is concentrated in the provinces of
Alberta, British Columbia, Saskatchewan, Ontario
and Quebec. Boardwalk REIT’s Trust units are listed
on the Toronto Stock Exchange, trading under the symbol
BEI.UN. The Trust’s total market capitalization
at December 31, 2006 was $3.9 billion.
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 Annual Information Form of
Boardwalk REIT 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;
