TORONTO, Feb. 16, 2007 /CNW/ - Sunrise Senior Living Real Estate Investment Trust (TSX: SZR-UN.TO) today announced a cash distribution of $0.0729 per unit for the month of February 2007. The distribution will be payable on March 15, 2007 to unitholders of record as at February 28, 2007.
As was announced on January, 15, 2007, the distribution reinvestment plan has been suspended as a result of the pending transaction with Ventas, Inc.
About Sunrise Senior Living REIT
Sunrise REIT was formed to indirectly acquire, own and invest in income-producing senior living communities in major metropolitan markets and their surrounding suburban areas in Canada and the United States. The REIT will also directly acquire interests in newly developed senior living communities through development and financing arrangements with Sunrise Senior Living, Inc.
Certain statements contained in this news release may include forward-looking information with respect to the REIT's operations and future financial results. Such statements are based on current expectations, are subject to a number of uncertainties and risks, and actual results may differ materially from those contained in such statements. These uncertainties and risks include, but are not limited to, availability of resources, competitive pressures, changes in market activity and regulatory requirements. Further information can be found in disclosure documents filed by the REIT with regulatory authorities, available at www.sedar.com.
ContactsD. Lee McCrearyJr.
Executive Vice President and Chief Financial Officer
lee.mccreary@sunrisereit.com
Toll-free investor relations phone: 1-866-734-8797
www.sunrisereit.ca
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