TSX SYMBOL: BEI.UN January 16, 2007
Boardwalk REIT Announces January Monthly Distribution & Financial Results Teleconference For The Period Ended December 31, 2006
Calgary, Alberta – January 16, 2007
- Boardwalk Real Estate Investment Trust ("BEI.UN" - TSX)
Boardwalk Real Estate Investment Trust (“BEI.UN” – TSX)
has declared its January 2007 distribution in the amount
of 12.33 cents per Trust unit. The distribution will be
payable on February 15, 2007 to unitholders of record on
January 31, 2007.
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 the Trust’s website at www.boardwalkREIT.com.
Boardwalk would also like to announce that its financial
results for the period ended December 31, 2006 will be
released on the morning of Friday, February 16th, 2007.
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:
416-644-3418 (within Toronto)
or toll-free 800-814-4861 (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
http://www.newswire.ca/en/webcast/viewEvent.cgi?eventID=1697520
Replay:
An audio recording of the teleconference will be available
from 1:00 pm ET on February 16th, 2007, until 11:59 pm ET
on February 23rd, 2007. You can access it by dialing
416-640-1917 and using the passcode 21216134 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
34,000 rental units totaling 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, 2006 was $3.5 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 Annual Information Form of
Boardwalk REIT 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;
