Morguard Wins 2013 Lipper Fund Award for Best 3-year Risk Adjusted Real Estate Equity Fund

MISSISSAUGA, ON, Feb. 7, 2013 /CNW/ - Morguard Corporation (TSX: MRC) ("Morguard"), is pleased to announce that the CIBC Canadian Real Estate Fund, managed by its wholly-owned fund management company, Morguard Financial Corp., won a 2013 Thomson Reuters Lipper Award for the best 3-year risk-adjusted returns in the Canadian real estate equity category.

The CIBC Canadian Real Estate Fund's 3-year annualized return net of fees was 15.92% as at December 31, 2012.

Morguard has acted as sub-advisor to the CIBC Canadian Real Estate Fund since the Fund's inception in 1997. This year's Award marks three back-to-back Lipper Awards for the Fund, highlighting Morguard Financial Corp's track record of delivering consistently strong risk-adjusted performance.

"The CIBC Canadian Real Estate Fund is a quality investment that offers safety and yield," said Vikash Jain, VP and Chief Investment Officer, Morguard Financial Corp. "The Award is a testament to our combined depth of knowledge from our in-house real estate experts at Morguard including CIBC Canadian Real Estate Fund Manager Derek Warren."

The Lipper Fund Awards are part of the Thomson Reuters Awards for Excellence, a global family of awards that celebrate exceptional performance throughout the professional investment community.

About Morguard Financial Corp.

Morguard manages real estate equity funds through Morguard Financial Corporation (MFC), which is a wholly owned subsidiary of Morguard Corporation. MFC provides portfolio management services, specializing in real estate securities and income-producing investments. MFC offers a broad range of flexible, built-to-suit investment vehicles from specialty pooled funds to separate accounts, catering to the real estate equity needs of investors. These portfolios include separately managed accounts on behalf of Canadian pension funds, the Morguard Sunstone Real Estate Income Fund (TSX: MSN.UN), the Morguard Real Estate Equity Fund, and the Morguard-managed CIBC Canadian Real Estate Fund, winner of the prestigious Thomson Reuters Lipper Fund Award in 2011, 2012 and 2013.

About Morguard

Morguard (TSX: MRC) is an expert in North American real estate ownership, investment and management. With a strategic focus on high-quality assets and diversification, Morguard has a proven track record of realizing the potential of real estate through consistent investment performance.  Morguard has more than $12 Billion of assets owned and under management. The integrated real estate services company manages its own real estate portfolio, as well as invests and manages on behalf of third-party institutional and private real estate investors. Morguard offers integrated real estate services, including investment management, asset management and property management.

Morguard Corporation owns a 42.8% interest in Morguard Real Estate Investment Trust (TSX: MRT.UN) and a 56.8% effective interest in the Morguard North American Residential Real Estate Investment Trust (TSX: MRG.UN).

SOURCE: Morguard Corporation

K. (Rai) Sahi 
Chief Executive Officer 
[phone]

Vikash Jain
VP, Chief Financial Officer
Morguard Financial Corp.
[phone]