Calloway Real Estate Investment Trust Declares December 2007 Distribution

TORONTO, ONTARIO, Dec 20, 2007 (Marketwire via COMTEX) -- Calloway REIT (TSX:CWT.UN) (TSX:CWT.DB) today announced that the trustees of the REIT have declared a distribution for the month of December 2007 of CDN$0.129 per trust unit, representing CDN$1.548 per unit on an annualized basis. Payment will be made on January 15, 2008 to unitholders of record on December 31, 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.

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source: foxbusiness.com