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News from Marketwire

Calloway Real Estate Investment Trust Declares November 2009 Distribution

10:22 EST Tuesday, November 17, 2009

TORONTO, ONTARIO--(Marketwire - Nov. 17, 2009) - Calloway REIT (TSX:CWT.UN)(TSX:CWT.DB)(TSX:CWT.DB.A) announced today that the trustees of the REIT have declared a distribution for the month of November 2009 of CDN$0.129 per trust unit, representing CDN$1.548 per unit on an annualized basis. Payment will be made on December 15, 2009 to unitholders of record on November 30, 2009.

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.

FOR FURTHER INFORMATION PLEASE CONTACT:

Calloway Real Estate Investment Trust
Steve Liew
Vice President, Finance
(905) 326-6400 ext. 7798

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