Smartcentres Real Estate Investment TrustTSX: SRU.UN

Calloway Real Estate Investment Trust declares June 2007 distribution

· Issued by Smartcentres Real Estate Investment Trust via CNW

TORONTO, June 19 /CNW/ - Calloway REIT (TSX: CWT.UN) (TSX: CWT.DB) today announced that the trustees of the REIT have declared a distribution for the month of June 2007 of $0.12500 per trust unit, representing $1.50 per unit on an annualized basis. Payment will be made on July 16, 2007 to unitholders of record on June 29, 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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