TSX SYMBOL: BEI.UN January 16, 2006
Boardwalk REIT Announces January Monthly Distribution & Financial Results Teleconference for the Period Ended December 31, 2005
Calgary, Alberta – January 16, 2006
- Boardwalk Real Estate Investment Trust ("BEI.UN" - TSX)
Boardwalk Real Estate Investment Trust (“BEI.UN” – TSX)
has declared its January 2006 distribution in the amount
of 10.5 cents per unit ($1.26 annualized). The January
distribution will be payable on February 15, 2006 to
unitholders of record on January 31, 2005.
To encourage participation and reward unitholders,
investors registered in the Distribution Reinvestment
Plan (“DRIP”) will continue to receive a “bonus”
distribution of additional Trust Units representing 3%
of the amount of their cash distributions reinvested
pursuant to the Plan. A full copy of the DRIP can be
found on Trust’s website at www.boardwalkREIT.com.
Boardwalk also announces that its financial
results for the period ended December 31, 2005 will be
released on the morning of Thursday, February 16th, 2006.
We invite you to participate in the teleconference that
will be held to discuss these results that same morning
at 11:00 am ET. Senior management will speak to the
financial results and provide an update. Presentation
materials will be made available on our website
(http://www.boardwalkreit.com/) prior to the call.
Participation & Registration:
Please RSVP to Investor Relations at 403-531-9255
or by email to investor@bwalk.com.
Teleconference:
The telephone numbers for the conference are:
416-640-3423 (within Toronto) or
toll-free 1-800-814-4859 (outside Toronto).
Webcast:
Investors will be able to listen to the call and view our
slide presentation over the Internet by visiting
http://www.boardwalkreit.com/ 15 min. prior to the
start of the call. An information page will be provided
for any software needed and system requirements.
The live audiocast will also be available at
www.newswire.ca/en/webcast/viewEvent.cgi?eventID=1343540
Replay:
An audio recording of the teleconference will be available
from 1:00 pm ET on February 16th, 2006, until 11:59 pm ET
on February 23rd 2006. You can access it by dialing
416-640-1917 and using the passcode 21172563 followed
by the pound sign. An audio archive will also be available
on our website (http://www.boardwalkreit.com/) approximately
two hours after the conference call.
Corporate Profile
Boardwalk REIT is Canada’s largest owner/operator of
multi-family rental communities. Boardwalk REIT currently
owns and operates in excess of 260 properties with over
33,000 rental units totalling approximately 28 million net
rentable square feet. The Trust’s portfolio is concentrated
in the provinces of Alberta, British Columbia, Saskatchewan,
Ontario and Quebec. Boardwalk REIT’s Trust units are listed
on the Toronto Stock Exchange, trading under the symbol BEI.UN.
The Trust’s total market capitalization at September 30, 2005
was $2.7 billion.
Forward Looking Information
This press release may contain forward looking statements.
These statements relate, but are not limited to,
Boardwalk REIT’s expectations, intentions, plans and
beliefs. These forward looking statements can
generally be identified by the use of words
“anticipated”, “expected” or the negative thereof or
other comparable terminology. You should be aware
that these statements are subject to known and unknown
risks, uncertainties and other factors, including the
risks discussed under the heading “Risk Factors” in the
Management Information Circular of Boardwalk Equities Inc.
available on www.sedar.com. Actual events or results may
differ materially from those suggested by any
forward-looking statements. You should not place undue
reliance on any forward-looking statements contained
in this press release.
By their nature, forward-looking statements involve
numerous assumptions, inherent risks and uncertainties,
both general and specific, that contribute to the
possibility that the predictions, forecasts,
projections and various future events will not occur.
Although management of Boardwalk REIT believes that the
expectations reflected in the forward-looking statements
are reasonable, there can be no assurances that future
results, levels of activity, performance or achievements
will occur as anticipated. None of Boardwalk REIT nor
any other person assumes responsibility for the accuracy
and completeness of any forward-looking statements, and
no one has any obligations to update or revise any
forward-looking statement, whether as a result of new
information, future events or such other factors which
affect this information, except as required by law.
For further information please contact:
Boardwalk REIT
Sam Kolias,
President and CEO,
(403) 531-9255;
Roberto Geremia,
Senior Vice President, Finance
and Chief Financial Officer,
(403) 531-9255;
