Morguard Corporation declares regular quarterly dividend

MISSISSAUGA, ON, May 18 /CNW/ - Morguard Corporation (MRC:TSX) announced today at its annual meeting of shareholders that its Board declared a $0.15 per share quarterly dividend on its common shares payable on June 30, 2010 to shareholders of record as at June 15, 2010.

Morguard Corporation is a real estate company, which owns a diversified portfolio of 102 properties in Canada and the United States. Morguard's portfolio has a book value of approximately $1.6 billion and comprises 6.6 million square feet of commercial space and 10,504 apartment suites. For more information, visit the Company's website at www.morguard.com.

For further information: Paul Miatello, Chief Financial Officer, Tel: [phone], Fax: [phone], [email protected], www.morguard.com