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Calloway REIT Declares April 2011 Distribution

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TORONTO, ONTARIO--(Marketwire - April 18, 2011) -Calloway Real Estate Investment Trust ("Calloway") (TSX:CWT.UN) announced that the trustees of the REIT have declared a distribution for the month of April 2011 of CDN$0.129 per trust unit, representing CDN$1.548 per unit on an annualized basis. Payment will be made on May 16, 2011 to unitholders of record on April 29, 2011.

About Calloway

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.