Real Estate — April 21, 2009

Morguard Corporation and Morguard Real Estate Investment Trust 2009 first quarter results conference call

    MISSISSAUGA, ON, April 21 /CNW/ - Rai Sahi, Chief Executive Officer of
both Morguard Corporation and Morguard REIT, invites you to participate in a
joint conference call on Friday, May 8, 2009 at 3:00 p.m. (ET) to discuss the
financial results for the quarters ended March 31, 2009 and 2008.
    An overview of Morguard REIT's financial results will be provided by Tim
Walker, CFO of Morguard REIT, to be followed by Paul Miatello, CFO of Morguard
Corporation. A joint question and answer session will then follow.
    To participate in the conference call, please dial 416-644-3429 or
1-800-590-1508.
    For those unable to participate, a taped replay will be available after
the completion of the call from 7:00 p.m. (ET) until midnight on, June 10,
2009. To access the replay, dial 416-640-1917 or 1-877-289-8525 and enter the
passcode number 21304287 followed by the number sign.

    %SEDAR: 00008756E

For further information: or information about this conference call,
please contact Tina Browne at (905) 281-5940 or tbrowne@morguard.com

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Morguard Corporation and Morguard Real Estate Investment Trust 2009 first quarter results conference call

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