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