Calloway Real Estate Investment Trust declares February 2007 distribution

Mon Feb 19, 4:19 PM

TORONTO, Feb. 19 /CNW/ - Calloway REIT (TSX: CWT-UN.TO) (TSX: CWT-DB.TO) today announced that the trustees of the REIT have declared a distribution for the month of February 2007 of $0.12500 per trust unit, representing $1.50 per unit on an annualized basis. Payment will be made on March 15, 2007 to unitholders of record on February 28, 2007.

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.

The Toronto Stock Exchange neither approves nor disapproves of the

contents of this Press Release.

Contacts

Steve Liew
Vice President - Finance
700 Applewood Crescent
Suite 200
Vaughan
ON
L4K 5X3
Tel: (905) 326-6400 x 7798
Fax: (905) 326-0783
sliew@callowayreit.com