Morguard Real Estate Investment Trust to Redeem 6.50% Convertible Unsecured Subordinated Debentures

MISSISSAUGA, ON, Aug. 15, 2012 -- /CNW/ - Morguard Real Estate Investment Trust (the "REIT") (TSX: MRT.UN) today announced that it will redeem all of its outstanding 6.50% Convertible Unsecured Subordinated Debentures (the "Debentures") on October 1, 2012 (the "Redemption Date"). The Debentures were issued September 22, 2009 and mature on September 30, 2014.

The redemption price has been determined in accordance with the provisions of the Trust Indenture and the Supplemental Indenture related to the Debentures. The redemption price will be paid in cash and is $1,000 per Debenture together with accrued and unpaid interest on the Debentures up to, but not including the Redemption Date.

Notice of redemption has been delivered today, August 15, 2012, to CDS & Co. ("CDS") and the trustee, Computershare Trust Company of Canada.

Non-registered holders (banks, brokerage firms or other financial institutions) who maintain their interests in the Debentures through CDS should contact their CDS customer service representative with any questions about the redemption. Alternatively, beneficial holders with any questions about the redemption should contact their respective brokerage firm or financial institution, which holds interests in the Debentures through CDS on their behalf.

Morguard REIT is a closed-end real estate investment trust, which owns a diversified portfolio of 53 high quality retail, office and mixed-use properties in Canada with an approximate value of $2.2 billion and comprising approximately 8.5 million square feet of leaseable space.

SOURCE Morguard Real Estate Investment Trust

Morguard Corporation increases ownership position in Morguard Real Estate Investment Trust

MISSISSAUGA, ON, June 4, 2012 -- /CNW/ - Morguard Corporation (TSX: MRC) ("Morguard"), announced today that it has acquired an additional 100,000 units of Morguard Real Estate Investment Trust (TSX: MRT.UN) ("Morguard REIT"), at a price of $16.50 per unit, through the facilities of the Toronto Stock Exchange. There are currently 58,103,436 units outstanding. Together with the acquisition of 211,500 units through the facilities of the Toronto Stock Exchange in 2012, at an average per unit price of approximately $16.44, Morguard now owns 26,180,905 units, representing 45.06% of the outstanding Units.

The units were acquired for investment purposes only and Morguard could increase or decrease its investment in Morguard REIT depending on market conditions or any relevant factors.

Morguard REIT is a closed-end real estate investment trust, which owns a diversified portfolio of 53 high quality retail, office and mixed-use properties in Canada with an approximate value of $2.1 billion and approximately 8.5 million square feet of leaseable space.

Morguard Corporation is a real estate company which owns a diversified portfolio of 100 retail, multi-unit residential, office and industrial properties comprising 10,509 multi-unit residential suites and approximately 7.1 million square feet of commercial leasable space. Morguard Corporation also owns a 44.8% interest in Morguard Real Estate Investment Trust and a 67.6% effective interest in Morguard North American Residential Real Estate Investment Trust. Morguard provides advisory and management services to institutional and other investors through Morguard Investments Limited and Morguard Residential. For more information, visit the Company's website at www.morguard.com

SOURCE Morguard Corporation