Morguard Real Estate Trust has recently announced an 8 cent-per-unit distribution for its unit holders for May, which will be paid out June 15.

The Morguard Real Estate Trust, a closed-end trust, reports real estate assets of $2.9 billion as of March and includes investments of 49 retail, office and industrial income-producing properties throughout Canada.

The trust is designed to acquire a portfolio of real estate assets in Canada and manage the investments to create a steady return for unit holders. The portfolio includes about 8.7 million square feet of leasable spaces throughout six provinces.