TORONTO, ONTARIO, January. 08, 2008 (WIRE over COMTEX MARKET) — Canadian dwelling characteristics real estate investment confidence (”CAP RIDES” or “RIDES”) (TSX: CAR.UN) of Toronto, Ontario announced today that CAP RIDE its before announced transformation of “limited” investment confidence to a “open” confidence accomplished. Portion owners granted to the managers die authorization to convert over from a limited confidence into a “opened end” confidence, if and when they it regarded desirably, during the annual and special meeting from the portion owners of the REITs on May 26, 2005 Die managers have stated the fact that die implementation of the transformation is in the best interests of the portion owners Die transformation Willeremove determined investment restrictions on CAP RIDES and provides it with greater flexibility, if they structure certain indirect investments Die transformation have certain changes for the confirmation of a trust of the REITs result in die, under other things, now portion owners with one right the payment by instalments provides Die transformation affected not investment focus RIDES. It drives own multi unit to the living characteristics into Canada fort and a its functioning and achievement to meet specifies objectives within the parameters in the confirmation of a trust Betriebspolitiken. To the information in more detail concerning die transformation is to “opened end” a status, which right to be attached to the units and to the suggested changes CAP REITs in the structure the payment by instalments including, becomes portion owners on management information the circular dated CAP RIDES April 26, 2005, in connection with the annual and special meeting of portion owner held to May 26, 2005 referred. As one of largest house landlords of the Canadas, is CAP RIDE growth an oriented investment confidence interests in 27.853 Wohnsuiten possessing and die two land renting communities, die 1,233 land renting places of assembly inside are convenient or close major urban from coast too coast. Since its Public first request May 1997, CAP LET US RIDE in the middle contained, has grown monthly distributions per Unit by 51%. To more information about CAP RIDE, its business and its investment high points, please more refer to our the web site on www.capreit.net. All statements in this press release, die not on historical facts determine statements forward look refer. These statements represent intentions, plans, expectations and faith CAP REITs and are subject result to certain dangers and uncertainties, die in the actual results could, die materially from these forwardlooking statements differ. Kw_fully in regulating archivings described these dangers and uncertainties, die on SEDAR could be achieved on www.sedar.com. Contacts: CAP RIDE Mr. Michael stone Chairman (416) 861-5788
CAP RIDE Mr. Thomas Schwartz President and CEO (416) 861-9404
CAP RIDE Mr. Yazdi Bharucha CFO And web site 861-5771 of the Sekretaerin(416): www.capreit.net SOURCE: Canadian dwelling characteristics real estate investment confidence http://www.capreit.net copyright 2008 Market Wire, all rights reserved.
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