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Artis Real Estate Investment Trust Announces Correction to Monthly Cash Distribution

  //business-finance.news-articles.net/content/201 .. ces-correction-to-monthly-cash-distribution.html
  Published in Business and Finance on Thursday, August 25th 2011 at 14:11 GMT by Market Wire
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WINNIPEG, Aug. 25, 2011 /CNW/ - Artis Real Estate Investment Trust (TSX: AX.UN) ("Artis" or the "REIT") announced that its trustees have declared its regular monthly cash distribution of $0.09 per trust unit ("Unit") of Artis for the month of August, 2011. The cash distributions will be made on September 15, 2011 to Unitholders of record on August 31, 2011.

As at the date hereof, there are an aggregate of 83,338,666 Units issued and outstanding.

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Artis is a diversified Canadian real estate investment trust investing in office, industrial and retail properties. Since 2004, Artis has executed an aggressive but disciplined growth strategy, building a portfolio of commercial properties in Canada and the United States, with a major focus on Western Canada. Artis' commercial property comprises nearly 16.5 million square feet of leasable area in 161 properties. Leasable area by asset class is approximately 22.3% retail, 34.3% office and 43.4% industrial. The portfolio is located 9.7% in British Columbia, 30.3% in Alberta, 5.6% in Saskatchewan, 19.5% in Manitoba, 12.1% in Ontario and 22.8% in the U.S.

The Toronto Stock Exchange does not accept responsibility for the adequacy or accuracy of this press release.