Calloway Real Estate Investment Trust Declares June 2008 Distribution

* Reuters is not responsible for the content in this press release.

Thu Jun 19, 2008 10:30am EDT 

  TORONTO, ONTARIO, Jun 19 (MARKET WIRE) -- 
Calloway REIT (TSX: CWT.UN)(TSX: CWT.DB)(TSX: CWT.DB.A) today announced
that the trustees of the REIT have declared a distribution for the month
of June 2008 of CDN$0.129 per trust unit, representing CDN$1.548 per unit
on an annualized basis. Payment will be made on July 15, 2008 to
unitholders of record on June 30, 2008.

    Calloway Real Estate Investment Trust is an unincorporated open-end real
estate investment trust created to invest in a geographically diversified
portfolio of high quality retail shopping centres in Canada.


 
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Toronto Stock Exchange neither approves nor disapproves of the contents
of this Press Release.

Contacts:
Calloway Real Estate Investment Trust
Steve Liew
Vice President - Finance
(905) 326-6400 ext. 7798
(905) 326-0783 (FAX)
Email: sliew@callowayreit.com

Copyright 2008, Market Wire, All rights reserved.

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