Morguard REIT declares March 2010 distribution of 7.5 cents per unit

MISSISSAUGA, ON, March 16 /CNW/ - Morguard Real Estate Investment Trust (TSX: MRT.UN) today announced that it has declared a distribution of 7.5 cents per unit for the month of March 2010. The distribution will be payable on April 15, 2010 to unitholders of record as at March 31, 2010.

Morguard REIT is a closed-end real estate investment trust, which owns a diversified portfolio of 50 high quality retail, office and industrial properties in Canada with an approximate asset book value of $1.2 billion and approximately 7.8 million square feet of leaseable space.

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For further information: Mr. K. (Rai) Sahi, Chief Executive Officer, Morguard Real Estate Investment Trust, 55 City Centre Drive, Suite 1000, Mississauga, ON, L5B 1M3, T: [phone], F: [phone], Email: [email protected], Website: www.morguardreit.com