CAPREIT Announces May 2021 Distribution

TORONTO, May 17, 2021 (GLOBE NEWSWIRE) -- Canadian Apartment Properties Real Estate Investment Trust ("CAPREIT") (TSX ? CAR.UN) announced today its May 2021 monthly distribution in the amount of $0.11500 per Unit (or $1.38 on an annualized basis). The May distribution will be payable on June 15, 2021 to Unitholders of record on May 31, 2021.

To encourage participation and reward our loyal Unitholders, investors registered in our Distribution Reinvestment Plan will continue to receive an additional amount equal to 5% of their distributions paid in the form of additional Units.

CAPREIT is Canada's largest publicly-traded provider of quality rental housing. CAPREIT currently owns or has interests in, and manages, approximately 68,100 residential apartment suites, townhomes and manufactured housing community sites well-located across Canada, in the Netherlands and Ireland. Since its Initial Public Offering in May 1997, CAPREIT has grown monthly cash distributions per Unit by 93%. For more information about CAPREIT, its business and its investment highlights, please visit our website at www.caprent.com or www.capreit.net, and our public disclosure which can be found under our profile at www.sedar.com.

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